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3 financial beliefs that make no sense
Many folks are adamant this is the right strategy. Rather than delay Social Security until as late as age 70, thus ensuring a larger monthly benefit for themselves and potentially a larger survivor benefit for their spouse, they’re convinced they should claim at 62, the earliest possible age. To back up their argument, readers send me spreadsheets showing that they would come out ahead if they claim benefits early and then invest the proceeds in stocks that only go up or in bonds with yields available only from dicey issuers. Yes, if you assume a high enough return, you can come out ahead by taking Social Security early….Read More
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