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Waiting vs. claiming early and investing the benefits
It’s the most frequently asked question to advisors – “When should I start my benefits?” And there are a lot of variables, which means there are also a lot of strategies that can be considered. One strategy our readers sometimes suggest is to apply for benefits as soon as they reach age 62 and invest their reduced payments, instead of waiting to until age 70 collect a substantially larger Social Security check. These folks look forward with dollar signs in their eyes at the large lump sum they’d have down the road. This Seeking Alpha article by contributor Roger Nusbaum explores this “take it early and invest” strategy, as well as some other “take it early” considerations. Click here to read more.