Social Security Benefits Maximizing Strategies

Social Security Benefits Maximizing Strategies

Deciding when to begin receiving Social Security benefits is a major financial issue for anyone approaching retirement. There is a tradeoff between the amount of the monthly benefit and the number of payments you will receive. Most people know that beginning benefits prior to your full retirement age (currently age 66 and increasing to 67 for anyone born after 1960) will provide fewer dollars on a monthly basis. Delaying the receipt of benefits until 70 generates the maximum level of monthly benefits. ...