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Your Monthly Social Security Benefit Payment–the Benefit of Waiting

One of the reasons often cited for claiming Social Security benefits at the earliest opportunity is the rumor of the program’s impending “bankruptcy.” With the proliferation of explanations hitting the media in recent weeks, it’s hopeful that the false assumption of the program completely running out of money has been dispelled, but the lingering concern for a potential reduction in monthly benefits still may be prompting many to “get it while it’s there.” The unfortunate reality, as explained by CNBC’s Lorie Konish in a post on their website, is that it’s still better to wait (if you can) to get a larger monthly payment. Check out her post here.

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