Quote:
Originally Posted by jyl
Just putting these links here for reference:
Summary of how SSA reduces your benefit if you claim while continuing to work, and credits those benefits back after you still working or reach full retirement age:
https://www.aarp.org/social-security/faq/withholding-while-working/
Example of how SSA calculates your benefit, using top 35 years of indexed earnings.
https://www.ssa.gov/OACT/ProgData/retirebenefit1.html
I’m trying to figure out the optimal strategy in my case. 62, plan to work another 10 years (I love what I do and, what’s worse, I think I’m addicted to it), S-Corp so I set my own W2 salary, spouse who I expect to outlive me. Basically trying to figure out if I should give myself a big raise. |
You’ve expressed your optimum strategy: Work ‘till age 73, retire and sign up for SS. Yes, give yourself a big raise. The mass of money you’ve accumulated so far will provide plenty of momentum for you to coast in comfort.
I look at what will make my life as pleasant as possible, not at how much my SS check will be.