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Does Claiming Benefits at 62 and Investing Them Make Sense?

While most advisors say one should delay Social Security as long as possible (up to age 70) to gain the maximum benefit, Mark Blank says a strategy of grabbing benefits as early as possible (age 62) and investing them should not be discounted. Those that have adequate other income can put their Social Security to work by investing in lower-risk assets such as broad-market index funds. Checks are smaller each month by claiming early, but investments more time to compound. Blank’s table shows that as long as one achieves an average annual return greater than approximately 4%, it is better to invest the lower monthly benefits at 62. Full piece here.

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