More Thoughts on the “When to File” Question
On the surface, it sounds like a fairly simple decision: file early and get less in monthly benefits but for a longer time, versus wait as long as you can, maybe to age 70, and get a higher monthly benefit but possibly for a lesser number of months. But wait, there’s more to it than that! As Laurence Kotlikoff, research associate of the National Bureau of Economic Research and Benefits Pro contributor explains in a post on benefitspro.com, there are additional considerations that should enter the decision process, especially in the area of survivor benefits. Read his post here…
This, by the way, is an example of the importance of approaching decisions like this armed with guidance from trained and accredited Advisors. An earlier Latest News post on this site today showcases that very notion. Check that out as well.