Social Security: Why Wait?
Hopefully when it’s your turn to collect social security, the funds will be available. Here’s a few links which will help you to figure out what is your best strategy to collect the maximum that you are legally entitled to. If you have any questions, call me.
Social Security: Why Wait?
It may be tempting to collect Social Security as soon as you’re eligible, but experts say you should resist. Yes there’s the claim “why not collect what is rightfully yours,” but if not only for the risk that you will live a long life, there are also monetary benefits.
You can claim Social Security anytime between ages 62 to 70; however, the longer you wait, the larger your check! You get the most when you wait at least until your full retirement age, which is different depending on what year you were born.
The bottom line is that if you can hold out, you should— strategize for a long life. Of course, the question of waiting varies for each person and each situation, but check out the Social Security retirement estimator to get a precise idea on how to maximize your benefits.
Have you been thinking about YOUR Social Security? Got Questions: robert@rimbergonlinebookkeeping.com
Robert
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