Social Security Report

How does 8% guaranteed return sound?

There are certainly a lot of factors to take into account when deciding what age to start Social Security benefits, and all too often people make that choice based on emotion rather than financial logic.  But it’s really hard to argue against the guaranteed 8% annual increase inherent in a strategy of waiting beyond your full retirement age to apply for benefits.  And beside the delayed retirement credits, putting more higher earning work years into your earnings history can boost your benefit amount even further.  This Yahoo! Finance article by Jeff Brown discusses the advantages of waiting to collect Social Security benefits.  Click here to read more.

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