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Thoughts on Delaying Social Security Benefits - Yahoo!Finance
Most folks know that age 62 is the point at which Social Security benefits can be claimed. Most folks also know that exercising this option represents a reduction in the monthly amount they could receive by waiting until their full retirement age or even until age 70. For many people, the waiting can be easier said than done, given an urgent need for a cash infusion.
So, if you find yourself in this situation, what can you do? Yahoo!Finance contributor Vance Cariaga recently explored this question using ChatGPT, posing the question, “How Can I Delay Taking Social Security If I Need the Money Now?” The results were somewhat routine, ranging from utilizing savings to executing bridge loans. Cariaga’s post offers some thoughts on each of them. Click here to read it in full.
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