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1. You're Planning Your End-of-Life Care. Your Social Security benefits stop paying at your death, so if you die prior to collecting benefits, you'll have missed out on benefits entirely.
Top reasons to start your Social Security benefits early Americans have several good reasons to file for benefits early, but most would be much better served by waiting until age 70, Kotlikoff says.
Some say that the top reason you should collect Social Security benefits as early as possible is because of health issues. If you're in such poor health that you don't expect to live into your ...
If you qualify for a Social Security retirement benefit based on your work history, you can choose to start collecting it at any point between the ages of 62 and 70.
Year of birth. Full retirement age. 1937 and before. 65. 1938-1942. 65 + 2 months for each year past 1937. 1943-1954. 66. 1955-1959. 66 + 2 months for each year past 1954
However, the full retirement age for collecting 100% of your Social Security benefits is 67. If you delay claiming benefits, you can earn an extra 8% yearly until age 70. Unfortunately, the ...
The second reason to take Social Security early is if you are in a position to collect a higher amount of spousal benefits. ... Another reason to take Social Security early is a desire to leave ...
While the Social Security Administration defines “full retirement age” as 67 for those born in 1960 or later, you can actually file for benefits as early as age 62 or as late as 70.
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