One of the most important investment decisions we all have to make involves life expectancy. The issue doesn’t depend on stocks or bonds, but Social Security benefits. If you or your spouse has the required ten years of employment, you can begin drawing retirement benefits between ages 62 and 70. The longer you wait to receive benefits, the larger the amount of benefits you’ll receive (the age of full retirement varies by your birth year). There are many factors that ultimately influence your decision to delay, but the bottom line is to take the benefits when they will be most valuable to you.
If you need help claiming your Social Security benefits, The Firm can help.