Claiming Strategy
Claiming Social Security Benefits–What Time is the Right Time?
That’s one of those questions that typically gets a response of, “Well, it depends.” As frustrating as that may be, it does encapsulate the point that the answer does in fact depend on some significant variables. Deciding when to claim…
Sometimes it pays to get your money sooner
You can begin your Social Security retirement benefits as early as age 62. However, if you start receiving benefits early, your benefits are reduced. There are some good reasons to take your benefits at 62, and Maurie Backman outlines three…
The real price tag to claiming Social Security too early
New research from economists at Boston University and the Federal Reserve Bank of Atlanta found many retirees are making a strategic mistake that can cost them tens of thousands of dollars in lifetime benefits by claiming their Social Security benefits…