Cohen & Oalican discuss how "You Can Have Your Benefits And Defer Them, Too"

Cohen & Oalican, LLP; Medicaid, MassHealth and Elderlaw Attorneys in Boston, Andover, Raynham.

Part 2

On Thursday, October 23, 2008, the New York Times included a Special Section entitled "Retirement" containing a number of interesting and informative articles. Given the present financial crisis and the resulting uncertainties we face, it is more important than ever to be well informed about financial and legal issues which may impact our families and to do some medicaid planning. We encourage you to read these articles as well as other articles which impact seniors at the New York Times website.

"You Can Have Your Benefits And Defer Them, Too" explains that retirees who start collecting their Social Security benefits at the age of 62, can later, at the age of 70, file a withdrawal application and get the maximum benefits after repaying what they have collected so far. The article discusses the advantages and disadvantages of electing to collect benefits before the age of 70, financial and otherwise, and provides examples as well.

The full article can be accessed at the following link: Article.


This series, brought to you by Boston Attorneys Cohen & Oalican, LLP, specializing in Guardianship and Conservatorship Attorneys in Boston. Posted by Elder Law Boston Lawyer