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Asked by a 60 year old man from ID on 5/2/2017
Henry Hebeler
Henry Hebeler,  says
Yes, 62 is too young for your husband to take social security. Each year that he delays till about 66, the social security check will increase by 6% and 8% each year after that till 70. He will get 76% more social security if you use some of those savings to support the delay. It's a much better investment not just because the income will be ... (Read More)
Asked by someone from CA on 5/13/2017
Steve Chen
Steve Chen,  says
You should contact the Social Security Administration to find out the answer to this question. https://www.ssa.gov/work/ There are some resources here for a similar question we had earlier: https://www.newretirement.com/answers/11501/terminated-ticket-to-work.aspx Good luck! (Read More)
Asked by someone from NY on 5/12/2017
Steve Chen
Steve Chen,  says
You should contact the Social Security Administration to find out the answer to this question. https://www.ssa.gov/work/ There are some resources here for a similar question we had earlier: https://www.newretirement.com/answers/11501/terminated-ticket-to-work.aspx Good luck! (Read More)
Asked by someone from MD on 5/5/2017
Steve Chen
Steve Chen,  says
Hi, If your question is regarding a reverse mortgage - here are some useful articles: - this article summarize the rates & fees for the loan: https://www.newretirement.com/retirement/reverse-mortgage-interest-rates/ - pros & cons: https://www.newretirement.com/retirement/reverse-mortgage-disadvantages-advantages/ - how does it work: ... (Read More)
Asked by a 69 year old woman from GA on 4/24/2017
Steve Chen
Steve Chen,  says
Hi, Will you let us know which program your question is referring to? If your question is regarding Social Security - then the longer you delay the higher your benefit. Here's a recent useful article about how to maximize benefits for a couple: https://www.newretirement.com/retirement/smartest-social-security-decision-if-married/ If this ... (Read More)
Asked by a 81 year old woman from TX on 4/19/2017
Steve Chen
Steve Chen,  says
Yes - you can read more about how you can use the proceeds from a reverse mortgage here https://www.newretirement.com/retirement/reverse-mortgages-and-repairs-to-your-home-what-you-need-to-know/ (Read More)

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