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Another “Breakeven” Point to Think About
When thinking about breakeven points on Social Security benefits, most of us focus the question on whether or not to file at our earliest eligible age (62) or our full retirement age (66 or 67). if you’re planning to wait until full retirement age, you have another breakeven to consider–the benefit at 66 or 67 versus the benefit after collecting the delayed retirement age credits. The Motley Fool’s Maurie Backman suggests that, for someone with a full retirement age of 67 (that’s anyone born in 1960 or later), 82 and a half is that extended breakeven. Check her article out here for an explanation.