Q & A

What’s the Max Strategy if Single, Never Married with No Kids?

Full question: Why always divorced, widowed or married SS questions? How about some single, never-married and childless ideas for when to collect? We do exist, you know…

Answer: Single, never-married childless people need to optimize their Social Security, too, so I’m glad you wrote me. The most important thing in this regard is to try to defer taking your retirement benefit until age 70. It will start at an inflation-adjusted value that’s 76 percent higher than if you take it at 62. Also, when you reach full retirement age, you should file for, but suspend your retirement benefit. Read more…

Source: Laurence Kotlikoff, Forbes Contributor

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