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Social Security break-even calculation
Your Social Security break-even age can help you decide whether it is better to start collecting Social Security early or wait until later when you can receive a larger monthly payment. It is the point at which the value of waiting to begin taking Social Security benefits catches up with and surpasses the value of taking them early. Knowing it can help you determine the optimal age to start taking benefits. Liz Weston writes in her column that a simple break-even calculation may not give you complete information. Read Ms. Weston’s article here…
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