Full retirement age
“Fixing” Social Security has a Wide Range of Options to Consider
We’ve mentioned many perspectives on the best ways to address the looming Social Security insolvency crisis on this website. In a recent post on nasdaq.com, columnist The Motley Fool’s Matt Frankel covers a list of 16 possible ways to put…
Claiming Early? You’re Not Alone…Here’s Why.
From a financial planning standpoint, conventional wisdom espoused by retirement advisors suggests waiting at least until full retirement age, and preferably until age 70, to claim Social Security benefits. There is nothing wrong with that advice, of course, but with…
What is the Best Age to Claim Social Security Benefits?
This decision permanently affects your monthly benefit amount. It could make a huge difference for people who will be relying heavily on Social Security in retirement. In this article Stefon Walters for Motley Fool provides information that is helpful in…
Claiming Benefits Early…Not Always a Bad Move
Most financial counselors will advise clients to defer filing for Social Security benefits as long as possible, but at least until reaching full retirement age. This strategy will ensure that your monthly benefits payment will avoid the reduction accompanying the…
What you need to know about filing for Social Security
Are you thinking about filing for your Social Security benefits in 2025? Although you may have a basic idea of your benefits, several rules could result in less money than anticipated. Kailey Hagen outlines the three things you need to…
Is it a good idea to invest your Social Security in the markets?
Is retirement all about numbers, or are there more factors to consider when deciding at what age you should retire? Is it better to wait until age 70 to maximize your Social Security benefits, or take it early and invest…
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,…
Deciding when to take Social Security Benefits
There are many options for deciding when to take your Social Security benefits. You can claim them anytime between age 62 and 70. It is an important decision. It is best to consider your finances, your health and your family…
Social Security Rules to help Make the Best “When to Claim” Decision
Although millions of people are receiving or about to receive Social Security benefits some rules are not as well known as others. These 3 in particular can affect your benefit amount: You have to work at least 35 years to…