On 11/13/2016 8:27 AM, Gary wrote:

> Here's two things that I found out recently:
> - Starting at age 62, the longer you wait to file for it, the more you
> will get. What I found out is that the amount increases monthly. IE - If
> you don't file at 62, you don't have to wait to 66 or so to get more.

True enough. Still, they have it worked out so you theoretically get
the same amount. Less for more years, more for fewer years. If you're
spending down your savings waiting, it's not great. You lose that
investment opportunity and I'd rather get less and have money in the
bank.

> - this was interesting to find out. I have a friend age 84 here (He's
> well preserved. I always guessed he was maybe 70 or so. Anyway, he took
> SS at age 62. A year or two later, he got offered a really good job. He
> was able to cancel his SS retirement and put it off until a later time
> in his life. They let him do this but he had to pay back all that he had
> received so far. His new job was worth taking out a loan and paying them
> back and then filing at a later age where he now gets more per month for
> life.

You can now only do that in the first year of getting benefits, FYI.

nancy