Ask Terry Questions Social security — how do I start at age 70?

Social security — how do I start at age 70?

By Terry Savage on March 01, 2022 | Financial Planning / Retirement

I’ll be 70 in July of this year. When and how do I collect social security?

Terry Says

Go to www.SocialSecurity.gov — or call them at
1-800-772-1213 between 8:00 a.m. – 7:00 p.m., Monday through Friday.

Do this three months before your 70th birthday — but insist that they do not pay you one penny before your birthday! (They offer to do this but it costs you about 8% going forward in your monthly check!)

Be prepared to give them your bank routing number and account number so they can make a monthly direct deposit.

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