Turning 62? Get in Line at the Social Security Administration
Posted by: in Your BusinessMy husband is turning 62 this fall. (Bill Clinton turns 62 in August, by the way.)
And it looks like the flood of Baby Boomers signing up for Social Security has begun, with 10,000 a day turning 62 this year. And the Social Security Administration is understaffed, so be prepared to stand in line or go online.
My husband and I’ve been speaking about whether he should sign up for Social Security now, or wait. The earnings limit is what’s stopping us. If he makes more than $36,000, his Social Security gets cut.
Many of us have tried to figure out whether the lower amount you get at 62 is better than waiting until “full retirement age” for the “full” benefit.
Any thoughts on this? Has anyone out there done the calculation?
And who is betting that Bill Clinton will be standing in line to collect his Social Security check?
Image source: www.newscom.com
Tags: baby boomers, Bill Clinton, Social Security
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