Reported about 12 hours ago
Navigating the complexities of when to claim Social Security is crucial as it impacts future benefits significantly. While the Social Security trust fund is projected to pay full benefits until 2033, potential reductions loom. Retirement strategist Mike Conrath advises that individuals must consider claiming age, health, income, and potential survivor benefits when making their decisions. Claims can be made as early as 62 or as late as 70, with notable variations in benefits depending on timing. Ultimately, informed decision-making is essential for optimal retirement planning.
Source: YAHOO