When to claim Social Security - a handy chart

The perennial question asked by those approaching Social Security’s minimum eligibility age of 62 is “When should I claim my benefits?”.  Wouldn’t it be nice if there was a single chart which would show the ramifications of claiming benefits at various ages, and when you would break even on total benefits received by applying at one age versus another?  Well, this Motley Fool article by Christy Bieber offers that one chart that will show you all you need to know to help you decide what your benefits will be, including estimating the years to break even, for claiming your Social Security benefits at different ages.  Click here to read more.

This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.

Website by Geiger Computers