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Social Security Q&A: After Claiming at 66, Should I Suspend from 68 to 70?

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Question: I started taking my Social Security benefits at age 66, am now 68 and will continue working part-time — about 20 hours/week — as an independent health care contractor, likely until I am 70. Would it be advisable and/or possible to stop my payments now and then restart at age 70 when I likely will be working a bit less if at all? My health is excellent.

Answer: Yes, absolutely. Your benefits will be up to 16 percent larger after inflation depending on how close you are to having just turned 68.

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