• Question
  • When should professionals take SS ?

    Asked by a 73 year old woman from Newburgh, IN on 5/16/2013

    I am a professional who is continuing to work part time. Should I take SS at 66 or wait til age 70? I am concerned about increased taxes as well as being penalized almost $800 per month if I take benefits at my present age of 66 versus waiting. I am married and my retired spouse already receives SS. We would like to continue to live our present life-style which is not pretentious. We own our home and have no intention to move.

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


  • Steve 


    San Francisco, CA

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  • You may want to try this Social Security Breakeven calculator which will help you calculate when to take social security.


    There's also a good discussion of this question here:


    Hope this is helpful.

  • Login to rate this answer:   Answered on 5/19/2013
**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.