Is Claiming Social Security at 70 Actually Worth It? Here's the Math.
Figuring out your optimal claiming age could give you a much more comfortable retirement.
Overview
Waiting eight years after you become eligible for Social Security benefits to claim your first check may sound like a costly mistake to you, and for some people, it is. But the debate around the optimal time to apply for benefits continues for a reason.
When you claim doesn't just determine your monthly checks. It also affects the total amount you receive over your lifetime. Claiming at 70 often proves to be the smarter choice over the long run, but it depends on a few key factors.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.