Recently I met with a SS rep, because I turn 66 in April, 2010. We have similar questions. I was advised to begin SS in January, 2010. I won't earn above $37,000 (or something similar) - and I think that number might even be a monthly amount. Here's the corker: Waiting even 3 months until April would take me approximately 13-14 years to get even for having waited. The monthly difference is only a very few dollars, but I'd be collecting over $1,000/mo each of those months. You do the math. I'll begin Jan. 1st, 2010!! You'll be even better off than I, since you don't turn 66 until June. Make as much as you want and enjoy the additional money in your pocket. Happy Social Security!
Call the SS office...they're very helpful even on the phone. I guarantee they'll advise you to begin SS in January.
I talked to SS today about similar. The difference is that I turn 62 in Sep of this year, and am trying to figure out if I should take SS and keep working until I am 65 or 66. My wife will not turn 62 until Jan of 2012. I'm a cradle robber I guess.
I know that I once i go over 14.1K they will begin to reduce my benefit. As I make approx 34K a year, I at looking at this as a way to pay off existing debts, before we are both in retirement.
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