I’m 66 now and will be 67 in December and my question is this: Should I take Social Security now or wait? I’m still working full time and plan to work for a few more years, at least until I’m 70 but maybe longer. I was told by a friend that I should take my Social Security now and put the money into savings, invest it or use it. And, since I’m still working, I’m still contributing to Social Security, so that when I reach 70 I should get the full amount. I’m not sure if this is accurate so would like to hear your advice.
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Very helpful. I have this same question and wasn’t sure the best approach. Didn’t know about the deferred retirement credits, that makes a difference in the decision process.