The Best Reason to Take Social Security Long Before Age 70

3 reasons I'll be taking Social Security long before age 70

Waiting as long as you can to claim benefits makes sense. There's a case to be made, however, for claiming Social Security earlier rather than later.

The Best Reason to Take Social Security Long Before Age 70

3 Reasons I'll Be Taking Social Security Long Before Age 70 @themotleyfool #stocks

Waiting as long as you possibly can to claim Social Security retirement benefits makes superficial sense. Holding off until you max out these benefits at 70 years of age adds roughly 25% more to your payment than you would have received by claiming at your official full retirement age (FRA) of between 66 and 67, maxing out your monthly payment. Conversely, claiming at the earliest-possible age of 62 will cause your monthly check to be 30% less t…

13 Social Security Benefits You May Not Know

Most people think Social Security is just about retirement checks, but the program actually offers way more benefits than that. The Social Security Administration runs several different programs that can help people in various situations throughout their lives. Many folks miss out on money they’re entitled to simply because they don’t know these benefits exist or assume they don’t qualify. Understanding all the available benefits could make a re…

I’ve Been on Social Security for 2 Years — Here’s How My Finances Have Changed

Transition In retirement It is one of the biggest life attacks, especially when it comes... The post I’ve Been on Social Security for 2 Years — Here’s How My Finances Have Changed appeared first on .