Is it Worth it to Wait to Claim Social Security?

In a word: yes. In a few more: more than likely. As the average lifetime increases it becomes more and more worth it to delay Social Security benefits for as longs as possible to reap the most reward. This conclusion has been reached by most economists that have looked in to this problem or have been asked this question. Most experts agree that delaying benefits is the best option for most retirees based on numerous calculations and scenarios. To find out if this is the right decision for you, visit this article by Wade Pfau with The Wall Street Journal.

 

This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.

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