Talk of The Villages Florida - View Single Post - Delay Social Securiy
Thread: Delay Social Securiy
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Old 09-08-2013, 01:15 PM
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Originally Posted by Villager Dude View Post
Our decision is based on the fact my Mother in law lived to 96 (my wife has good genes )

Wife took social security at 66, at 66 I will take 1/2 of hers ( spousal Benefit ), I will defer mine which is higher than hers.

At 70 I will start mine which will be 32% higher than my SS at age 66.

At my demise my wife will get 100% of mine for life which will be far more than hers would be by waiting to age 70.
Good plan Villager Dude. The decision of when to start taking SS payments is an individual choice. A lot depends on your current state of health, longevity of parents and grand parents and financial need. No one shoe fits all.