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Can I Delay Getting SS and Instead Get SSI?

I'd like to postpone getting social security as long as I can since the benefits go up the longer I delay up to age 70. Ideally, I'd like to delay getting social security until I am 70.

If I am otherwise eligible for SSI, do I have the option of NOT signing up for social security, even though I could if I wanted to, and getting SSI instead until I am 70 and then, at 70, signing up for social security?

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Recent Content

Four Factors that Determine Your Social Security Retirement Benefit

Your Social Security retirement benefit largely depends on the following four factors :

* Your work history => Longer yields a higher benefit

* Your earnings history => Higher earnings yields higher benefit (at decreasing rate)

* Your birth year => Born earlier means higher relative benefit

* Your claiming age => Starting benefits later means higher benefit

What Social Security May Look Like in 2035

Interesting article which looks at how Social Security may fare in the year 2035.

Highlights :

* The worker-to-beneficiary ratio will drop from 2018's 2.8 to 2.2-to-1.

* Workers will have to wait longer to receive "full" benefits

* Social Security's "trust fund" will be exhausted

* Substantial benefit cuts may be needed

* Payroll taxes will be critical to pay for benefits

* Social Security benefits will continue to decline due to inflation

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Not affiliated with the US Social Security Administration