Delayed Retirement Credits

Only 4% claim Social Security at 70

You can start receiving your Social Security retirement benefits as early as age 62 but at a reduced amount. However, you are entitled to full benefits only when you reach your full retirement age. If you delay taking your benefits…

You may not want to wait until 70

You can start your retirement benefit at any point from age 62 up until age 70. Your benefit will be higher the longer you delay your start date. Although starting your benefits at age 70 will maximize your monthly income,…

Ask Rusty – Should my Husband File and then Suspend His Benefits?

Dear Rusty:  My financial advisor used a computer program which told my husband to take his SS at age 68, then suspend it after a few months. What I understood was if my husband started and then stopped taking distributions,…

The best age to begin your Social Security benefits

You can start receiving your Social Security retirement benefits as early as age 62. However, you are entitled to full benefits when you reach your full retirement age. If you delay taking your benefits from your full retirement age up…

You might enjoy a really nice benefit if…

What is the maximum benefit you can collect if you retire this year? If you are turning 70 this year and filing for the first time for Social Security, you could collect a monthly benefit of $4,873. However, not everyone…

Should you wait to claim Social Security

When to claim your Social Security benefit is a personal choice. Although most financial advisors will tell you to wait until you are 70 to claim your benefit, however under certain circumstances, it is better to claim your benefits early.…

What is your Social Security full retirement age

This year marks the start of the Silver Tsunami, with almost 12,000 people turning 65 daily in the next few years. However, many people are surprised that they have not reached their full retirement age to be able to collect…

What waiting to 70 to begin your benefits means

We all have seen the articles that say the average benefit at 70 as of 2022 was $1,938.49 per month. However, that doesn’t tell the whole story. The group of 70-year-olds includes people who claimed Social Security at different age…

One easy move to increase your Social Security benefit

One question the majority of people ask financial experts is: How can I maximize my Social Security benefit? There are ways that do not require you to hold a high-paying job or work two or three jobs; there is an…

Claiming your Social Security benefits sooner than later

Most financial experts advise not to file for your Social Security benefits until you have maximized your benefit, usually at age 70. You max out your benefit by earning delayed retirement credits that will boost your monthly benefit by eight…

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