Things to keep in mind when considering your own retirement age include:

  • You can start receiving Social Security benefits as early as age 62. While your monthly benefits will be lower than if you wait, the system is designed so your lifetime benefits will be the same.
  • Many people plan to “file and suspend.” In other words, they plan to draw from a spouse’s benefits and delay filing for themselves until their monthly benefits are higher. Unfortunately, this option will no longer be available after April 29, 2016.
  • If you wait to take benefits until after the age of 67, then you can increase your monthly benefits by 8% a year until the age of 70.

An elder law attorney can be helpful in presenting your options for Social Security and the best time to apply.

Do You Need to Speak With an Estate Planning Attorney?

If you need to speak with an experienced estate planning lawyer, please contact us online or call us directly at 800.756.5596 to first register for one of our free, informative seminars. Your attendance will qualify you for a special discount for our estate planning services should you decide to make a free appointment at the conclusion of the seminar and at the end of your meeting choose to proceed with us. Our estate planning law firm proudly serves clients throughout California from our main office in Torrance, as well as those in Redondo Beach, Manhattan Beach, Hermosa Beach, El Segundo, San Pedro, and Palos Verdes Peninsula.

Philip J. Kavesh
Philip J. Kavesh
Helping clients with customized estate planning guidance and trust & estate administration for over 44 years.
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