Break-even analysis
Social Security and Retirement Planning…It’s More Than Just Numbers
The decision about when to claim Social Security retirement benefits is a milestone for many and, from a financial planning standpoint, is too often based on a “break-even” point. That may be a significant factor for many, but as suggested…
Understanding the “Break-Even Age” and How it Applies to Your Claiming Decision
The “when to file” question is one of the more frequent ones we receive here at the AMAC Foundation Social Security Advisory Service. And although we know it’s frustrating, our answer universally is “it depends.” Most financial planners will tell…
Break-even is not the only factor you should consider
You can apply for Social Security benefits as early as age 62. However, you will receive full benefits only when you file for your benefit at your full retirement age. If you delay taking your benefits until age 70, your…
Understanding the “Break-Even” Point on Benefits Claiming
For many folks aging into Social Security eligibility, the question of when to claim benefits poses a bit of a quandary. Claim as early as possible and accept the lower monthly benefit, or wait until later in life and enjoy…
An Analysis of the “File Early and Invest the Cash” Strategy
One of the frequent questions we receive here at the AMAC Foundation Social Security Advisory Service relates to the “when to file” issue, and we typically respond with the benefits of deferring as long as possible (up to age 70)…