Claiming your Social Security benefits sooner than later
Most financial experts advise not to file for your Social Security benefits until you have maximized your benefit, usually at age 70. You max out your benefit by earning delayed retirement credits that will boost your monthly benefit by eight percent for each year you delay after you reach your full retirement age. However, this advice does not apply to everyone and could hurt some of you financially. Maurie Backman explains there comes a point when waiting to claim your Social Security benefit does not make sense. Read Ms. Backman’s article here…
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