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Your decision about when to claim benefits will shape your lifetime income -- so is 62, 67, or 70 the right option?
In many ways, the time value of money (TVM) may be higher than you think by the time you reach 62 years old. Of course, the decision to take social security earlier is very personal and your ...
Deciding when to start claiming Social Security benefits is a pivotal choice for those nearing retirement. While the allure ...
Most seniors are aware that if they file for Social Security at 62, they're going to be reducing their benefits substantially each month. But many are willing to take that hit to get their money ...
One of the nice things about Social Security is that you get a choice as to when to take benefits. Once you turn 62, you can pretty much sign up at any age. But there's a reason Social Security ...
"The more of you that take it at 62, the less they have to pay you later on," she said. In other words, starting benefits early helps save money for Social Security, but may cost retirees tens of ...
However, claiming as early as possible at 62 can sometimes be safer than ... it's possible you could regret waiting so long to take Social Security. Claiming early can sometimes lead to a more ...
You’ll often hear that filing for Social Security at 62 is a bad idea, since it will mean reduced monthly benefits for life. But what if you’re a shrewd investor and you’re able to take the ...
if not later — there are some circumstances in which it makes sense to take benefits early. People can claim Social Security as early as 62 and receive a permanently reduced monthly benefit.
In the current economy, a lot is up in the air, including the future of Social Security. Here are 7 reasons why you might ...
You're allowed to sign up for Social Security at any point once you turn 62. And if you were born in ... it makes sense to take your benefits sooner rather than later. If you delay Social Security ...