http://www.americanretiredseniors.com/senior-finances-and-economy/when-should-you-begin-receiving-social-security-benefits/ Retiree and Senior resources ranging from government contacts, medical coverage, energy tips, Medicare, funerals, wills, humor, reverse mortgages, subprime lending and senior living Sat, 29 May 2010 15:58:09 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://www.americanretiredseniors.com/senior-finances-and-economy/when-should-you-begin-receiving-social-security-benefits/comment-page-1/#comment-77 BlueCollarDollar.com Thu, 05 Feb 2009 12:50:57 +0000 http://www.americanretiredseniors.com/?p=902#comment-77 In the event that you are in good health and have sufficient funds, wouldn’t be wise to take the benefits at 62, save them, and at your full retirement age, turn them back in, in full and begin receiving the maximum benefit? The potential interest gained over these short five years, coupled with the 8% bonus that SSA gives you would be a retirement windfall. Not only that, these funds, once they are saved create an emergency fund at a critical time in a senior’s life. In the event that you are in good health and have sufficient funds, wouldn’t be wise to take the benefits at 62, save them, and at your full retirement age, turn them back in, in full and begin receiving the maximum benefit? The potential interest gained over these short five years, coupled with the 8% bonus that SSA gives you would be a retirement windfall. Not only that, these funds, once they are saved create an emergency fund at a critical time in a senior’s life.

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