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msanidad70
Returning Member

Hold off SS benefit for later

Retiring at 62 but would like to wait till 65 to collect social sec. benefit so I can get larger benefit.  Can you actually stop working and not collect SS benefit?

3 Replies
VolvoGirl
Level 15

Hold off SS benefit for later

Yes.  Hopefully you will have other money or income to live on.  You may need to wait longer than 65 to get your full Social Security amount.  But at 65 you need to sign up for Medicare.  

Opus 17
Level 15

Hold off SS benefit for later

Yes, you don't have to apply to start your SS benefits until you want them, even if you stop working earlier. 

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
xmasbaby0
Level 15

Hold off SS benefit for later

If you re going to stop working you should also consider what you will be doing to have healthcare.   You are not eligible for Medicare until you are 65  (except for some special cirucmstances)   so you need to know what you will do for healthcare if your healthcare has been provided by an employer plan.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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