Your choices could have huge consequences for the rest of your retirement. Here’s what to consider.
At age sixteen Martha Portman and her husband mark how koskie who is 63. Planned to take Social Security when each can get the maximum benefit. That talk about age 67. We have friends who started collecting at 62. And they feel that you know it's better to start collecting early could you never know how going gonna live which is true. So where if I'm working and with our with our. Both are pensions. I think we can wait. Advice say you have to ask yourself several key questions before making this decision. Are you married and if so how much older or younger your spouse that you are. How are you still working did you intend to go back to work are you in a state where your Social Security is taxed or not. We use an acronym elections early and yes and that's really our strategy for helping people determine when to take it. As for life expectancy. Even a live long enough to make it worth delaying. Are you going to work can return. Industry need. Do you need the money an ounce is first apps are you considering what your spouse's doing and how that could affect. My biggest things people mess. Is the survivor benefit that is a huge benefit the Social Security provides for your surviving spouse. She became a widow in her fifties and didn't even know about survivor benefits until coworker filter in. She come aboard T tell us from our local Social Security Office before taking advantage of them. When I was sixty. I don't was able to pick up on his Social Security. As a widow and then that enabled me to delayed taking my own cells or Social Security so I. I took that I switched over. When I was able to switch over to mine at the maximum. One buys you say you shouldn't do is take your benefits early because you fear the program won't be around if you wait. Social Security may change but it's not going away I'm learning and this is writers.