make sure u tell ss when u start the new job. they dont automatically know ur working and if they find out later ull have a big overpayment to deal with!!

Just wanted to add - when you report your estimated earnings to SSA, try to be as accurate as possible. I made the mistake of underestimating my income when I went back to work at 64, and then had to deal with a mess at tax time. SSA will withhold based on your estimate, but if you earn significantly more than projected, you could end up with an overpayment that needs to be resolved. Also, keep good records of when you start the job and your actual earnings - it'll make things much smoother when they do the annual reconciliation. The earnings test can be confusing but it's really not that bad once you understand how it works!

To answer your specific question about restarting benefits - it's actually quite simple. When you're truly ready to retire, you just contact SSA (preferably 2-3 months before you want benefits to restart) and tell them you've stopped working or your earnings will be under the limit. There's a simple form to complete (SSA-795). The real financial advantage is that at your Full Retirement Age (66+10mo assuming you were born in 1959), SSA will automatically recalculate your benefit amount to give you credit for all the months benefits were withheld due to excess earnings. This effectively increases your monthly payment going forward. So yes, take the job, notify SSA immediately of your expected 2025 earnings, understand your benefits will be withheld, but know you'll get credit for those months later.

Congratulations on the job offer! As someone who went through a similar situation, I'd definitely recommend taking the job. The math works out in your favor even with the earnings test penalties. At $78K income vs whatever your SS benefit amount is annually, you'll still come out way ahead financially. One thing I wish I'd known earlier - when you do reach Full Retirement Age, SSA will increase your monthly benefit amount to account for all those months when benefits were withheld due to excess earnings. So you're not really "losing" that money permanently, just deferring it for a higher payout later. The key is to contact SSA IMMEDIATELY (before your first paycheck if possible) to report your expected annual earnings. This prevents overpayments that you'd have to pay back later - that's a real headache to deal with. Good luck with whatever you decide!

Update for everyone: I appreciate all the advice! I've decided to keep my appointment next month to apply for spousal benefits. Even though the increase might be small, it's still extra money. And if HR 82 or similar legislation passes in the future, I'll still be eligible for any retroactive payments for the period I was collecting my own benefit. Thanks for helping me understand this complicated situation!

Great decision, Daniel! One more thing to consider - when you meet with the SSA representative next month, ask them to pull up your earnings record and verify exactly how many years of "substantial earnings" you have under Social Security. As Matthew and Aurora mentioned, if you're close to 21+ years of substantial earnings, you might qualify for a reduced WEP penalty or even full exemption at 30+ years. This could potentially increase your own benefit significantly, which would also affect your spousal benefit calculation. It's worth double-checking since the substantial earnings threshold changes each year and you might have more qualifying years than you realize from your pre-teaching career.

SSA system is completely broken anyway. Friend of mine tried to do what ur talking about, waited till 70, then the govt changed how they calculate COLA and he barely got more than if hed taken it at normal time. Just take the money now!!!!

Thank you all for the thoughtful responses! After considering everything, I think I'm going to wait until 70 to start my benefits since I'm still earning good income and don't need the SS money right now. The guaranteed 8% annual increase is appealing, and given my family history, I'm likely to live past the break-even point. I appreciate everyone sharing their experiences and knowledge!

update us on what you decide! im curious what youll choose

I appreciate you sharing such a personal and complex decision with the community. Your situation really highlights how Social Security planning isn't just about the math - it's about your unique circumstances, family history, and goals. Based on everything you've shared, it sounds like taking benefits at 65 makes sense for your situation. You've identified some key factors: your family longevity concerns, your desire to ensure something passes to your children, and your wife's need for survivor benefits. The hybrid approach Donna suggested about setting aside part of your early benefits to supplement your wife's future survivor benefits is brilliant. One additional thought: since you mentioned having rental properties, you might want to consider gradually shifting some of that active management to reduce your earned income if it's triggering the earnings test. This could help you keep more of your early SS benefits while still maintaining your passive income stream. Wishing you the best with whatever decision you make. You've clearly done your homework and are thinking through all the angles!