Full Retirement Age is when you can collect benefits with no limit on earnings, so I'm shooting for that for Social Security. Dying between 67 and 70 would leave money on the table if you wait.
Since I plan on earning income until around age 70, it doesn't make sense to start before 67 due to benefit reductions.
Note that you should apply for Medicare as soon as you are eligible at age 65. Do not wait until you start collecting Social Security. The older you are when you sign up, the higher your premiums are for supplemental plans. FOR THE REST OF YOUR LIFE.
Webercooker t1_j6gp5t4 wrote
Reply to When to flip the switch on retirement age? by srekai
Full Retirement Age is when you can collect benefits with no limit on earnings, so I'm shooting for that for Social Security. Dying between 67 and 70 would leave money on the table if you wait.
Since I plan on earning income until around age 70, it doesn't make sense to start before 67 due to benefit reductions.
Note that you should apply for Medicare as soon as you are eligible at age 65. Do not wait until you start collecting Social Security. The older you are when you sign up, the higher your premiums are for supplemental plans. FOR THE REST OF YOUR LIFE.