At what age should you claim Social Security?
For many, when to claim Social Security is not at all a well thought out strategy. Far too many simply apply as soon as they are eligible “because it’s there.” On the other hand, some seniors, aware that the longer you wait the more your benefit will be, just decide to delay claiming without considering if it is truly the right thing for them to do. In both cases, not having a reasoned strategy could be a very costly mistake which results in many thousands of dollars left on the table. The point is that deciding when to claim Social Security should include a review of your health and expected longevity, as well as your current and future financial needs. This Motley Fool article by Katie Brockman explores how to develop a claiming strategy that aligns with your personal situation. Click here to read more.