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Image source: Getty Images. You're taking a risk. As mentioned, studies show the average retiree will collect more in Social Security benefits over their lifetime if they delay until age 70.
One from United Income in 2019, for example, estimates 57% of retirees would maximize their wealth by waiting until 70 to claim Social Security benefits. ... since they're already collecting ...
With a bridge annuity, you could postpone collecting social security from 62 to 70 and then have annuity payments covering the delayed benefit amount. Take Advantage of the Special Minimum Benefit
Specifically, if you've not yet reached what's considered your full retirement age (or FRA), for every $2 worth of annual work income you earn above the Social Security Administration's ceiling ...
Data source: Social Security Administration. Chart by author. Despite earning comparable salaries throughout their careers, the 70-year-old person can receive a monthly benefit 80% higher than ...
The average Social Security Disability Income (SSDI) is $1,483. Individuals collecting SSDI can earn as much as $1,470 per month (and $2,460 per month if they are blind) and maintain their benefits.
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