When it comes to social security, many people think that it’s best to claim at 65 which is the earliest possible age to claim at. However, depending on your goals and your lifestyle, that may not be the best for you. The longer you delay your claim, the larger your monthly check will be. If you are entirely comfortable with your life, claim at 65 and use that supplemental income for whatever you need. If you need to wait in order to live the lifestyle you want, wait.
Key Takeaways:
- When you delay your social security benefits, you will get a much larger monthly check.
- Every person is different, so it’s best to figure out your situation and see how essential the social security money is to your life.
- If you want to travel and enjoy leisure time, social security can help provide the money for you to live that lifestyle.
“Full retirement age (FRA) is the Social Security Administration’s phrase for the age at which you’re eligible to receive 100% of your benefit. That’s currently 66 years old for people born prior to 1955, and it phases up to 67 years old for anyone born after 1960.”
Read more: https://www.fool.com/investing/2022/01/01/claiming-social-security-at-65-need-to-rethink/
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