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.

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.

What's Your Opinion?

We welcome your comments. Join the discussion and let your voice be heard. All fields are required

Website by Geiger Computers