When should you take Social Security? It all comes down to life expectancy
Probably the most frequently asked question from those approaching retirement is “When should I claim my Social Security benefits?”. Considering the myriad of possibilities, the answer lies in another question – “How long will you live?” Of course, no one knows the answer to that second question, but making an educated guess should be part of the decision process on when to claim your Social Security benefits. As a matter of fact, average life expectancy for someone who has reached 65 years of age is 84 for a man and 87 for a woman. But averages are just that – half don’t reach those ages and half do, so your current health, lifestyle, and family history must be considered. In this Money magazine article by Elizabeth O’Brien, the author examines when, according to experts, is the best age to claim your Social Security benefits. Click here to read more.