<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Social Security claiming strategies

Social Security claiming strategies

August 21st, 2026 at 01:14 pm

So according to opensocialsecurity.com, if I want to maximize my Social Security payout, I should start collecting Social Securityy next year, even though that's well before I turn age 70. As you may know, conventional wisdom is to wait until age 70 if you wish to maximize your payments. If I go to my SS account, I can see a chart showing that the difference between claiming next year vs claiming 2 years after that is an extra $650/mth if I wait.

They have a little chart that compares their recommended strategy to another date of your choosing, so I inserted age 70, since that's the advice we all get.

The pale green spot on the bar shows their recommended date to start SS, while the blue portion of the bar would be me at age 70. The legend below the bar shows that the pale green color indicates maximum PV (present value) while the blue is between 95-98.

Meanwhile, SSA gives me this:

I'd like to reconcile these two sources of info. Opensocialsecurity does reference the fact that they adjust "for the fact that a dollar received in the future is worth less than a dollar received today (because the sooner you receive a dollar the sooner you can invest it,"  and this is something I don't think SSA concverns itself with.

Of course, that's a big IF that assumes you will invest youre entire Social Security check and no doubt assumes a certain degree of growth.

 

 

Posted in Uncategorized | 3 Comments »

3 Responses to “Social Security claiming strategies”

  1. DK62565 Says:
    August 21st, 2026 at 03:34 pm 1787326443
    1787326443

    That's an interesting concept about the sooner you take the money, the sooner you can invest it. I know people who have taken SS as soon as they could because they wanted to retire and felt the extra money wasn't worth waiting for; they needed the money to live on. I think it depends on if you need the money to live or if you can do without it and when you want to retire and why. My Dad retired at 62 not because he wanted to, but his health was getting to the point he could no longer do his job efficiently. He worked in a warehouse and his body was worn out.

  2. Tabs Says:
    August 22nd, 2026 at 12:51 am 1787359884
    1787359884

    Interesting looking website, I'll have to check that out. According to that website, it's saying that my absolute best time is age 62? After that, second best is age 65. Hmm, food for thought.

  3. Tabs Says:
    August 22nd, 2026 at 05:57 am 1787378262
    1787378262

    Oh, totally unrelated, but I think you’ve mentioned Flock cameras before, so I figure you might get a kick out of this:

    https://youtu.be/7xOURK7-UMs

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]