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One big advantage of delaying Social Security
We do not know how long we will live. You may think you will live to be 100 or only live to 78.7 (life expectancy per CDC) but no matter what the number is you need to plan for your future which includes when to claim your Social Security benefits. Since there are no guarantees on how long you will live, would it not be better to maximize your benefits? Delaying claiming your Social Security benefits, will give you a guaranteed eight percent return on your money for the rest of your life for every year you delay past your full retirement age (FRA) up to the age of 70. In Dallen Haws’ article appearing on www.frontiersman.com, he makes the case for delaying your Social Security benefits. Read Mr. Haws article here…
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