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Megan C
Megan C, Certified Public Accountant (CPA)
Category: Social Security
Satisfied Customers: 16547
Experience:  Licensed CPA, CMA, CFE, CGMA M.Accy Also Teach Accounting courses at Master's Level
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If I stop working at 60 and 't take benefits until 67 will I

Customer Question

if I stop working at 60 and don't take benefits until 67 will I get higher monthly payment vs claiming benefits at 62
Submitted: 9 months ago.
Category: Social Security
Expert:  Megan C replied 9 months ago.

Thank you for your question -- yes, you will get higher benefits. This is because you will not have a discounted benefit - The couple years of not working will not impact your benefit by a large amount at all, and it will be more than offset by the delayed retirement credits.

Please let me know if you need anything additional. If not, please rate positive.