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I will be 66 next month have a ssn # and want to defer my…

Customer Question
I will be 66...

I will be 66 next month have a ssn # and want to defer my benefits until a later date

Accountant's Assistant: These retirement benefits are supposed to help us but they can be so complicated! The Retirement Expert will help you get the most benefits propertly. Please tell me more, so we can help you best.

I am still working and do not want to collect benefits . I do pay a Part B fee quarterly. what can I do to defer my benefits

Accountant's Assistant: Is there anything else the Retirement Accountant should be aware of?

I still work full time

Submitted: 8 months ago.Category: Social Security
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Answered in 9 minutes by:
9/22/2017
Social Security Expert: lev-tax, Tax Advisor replied 8 months ago
lev-tax
lev-tax, Tax Advisor
Category: Social Security
Satisfied Customers: 32,859
Experience: Taxes, Immigration, Labor Relations
Verified

You have two options - not to apply for your social security benefits OR apply and suspend.

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Social Security Expert: lev-tax, Tax Advisor replied 8 months ago

If you do not apply - you will need to apply at later date to start your benefits,

but if you suspend - your benefits will be re-started automatically at age 70 unless you specify a different date.
When you delay your benefits will grow 8% per year for every year you delay up to age 70.

Please elaborate what option is preferable and if you need help in estimating your benefits.

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lev-tax
lev-tax
lev-tax, Tax Advisor
Category: Social Security
Satisfied Customers: 32,859
32,859 Satisfied Customers
Experience: Taxes, Immigration, Labor Relations

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