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Addressing the Rumor Mill: How do benefits change if I don’t file at 62?

It’s a question we get often at the AMAC Foundation’s Social Security Advisory Service: If I elect to not draw retirement benefits at the earliest possible age (62), but stlll stop working, will my Social Security benefit increase? The answer is yes, assuming you have a full 35 years of earnings on your record. Boston University’s Laurence Kotlikoff discusses this question in some detail in a post on forbes.com, along with a series of other common questions. Check out his post here…

This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.

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