• Question
  • How can I maximize my social security income and when should I start to draw

    Asked by a 73 year old woman from Pagosa Springs, CO on 3/6/2013

    How can I maximize my social security income and when should I start to draw

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  • Categories: When to Start?, Social Security, Guaranteeing Income

Answers

  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • The simple answer is you should delay retirement until age 70 (your maximum retirement age) which will result in you getting your maximum monthly social security amount.

    There's a more detailed answer provided by one of our advisors here: http://www.newretirement.com/answers/bud-hebeler/social-security-taking.aspx

    You can also try our NewRetirementt Calculator to see if it provides some new ideas for you: https://www.newretirement.com/retirement-calculator/default.aspx

    Good luck!

  • Login to rate this answer:   Answered on 4/8/2013
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.