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Why You Shouldn’t Retire Early

The decision of when to retire is different for everybody and dependent on many situations, but the general consensus among experts is to wait as long as you possibly can to retire and start collecting Social Security benefits. The main reason for this is the amount of money you will get based on the age you are when you file. Many people know that you get higher benefits the longer you wait, but not many know just how big of a difference it can be. On top of this are the costs of medical expenses until you qualify for Medicare at 65. There are many other “hidden” costs that will add up to quickly deplete the savings that you do have outside of Social Security. For more information on this subject, visit this article by Mathew Frankel with mySanAntonio.com.

 

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