Mar
28
Timing Social Security - Early or late
Imagine that 30 years into your retirement you suddenly found out that you had made a whopping mistake when you claimed your Social Security benefits—a mistake that resulted in your leaving more than $100,000 in benefits on the table.
The unfortunate reality is that electing Social Security benefits is a one-time decision that most people get wrong. They don’t realize that when and how they elect Social Security can have a profound impact on their income for the rest of their lives.
Just how much of an impact? Let’s look at a case study involving a typical couple.
*Excerpted from the forth-coming book Maximize Your Social Security, by Joe Elsasser, CFP®
Thousands of Americans make this mistake every year, leaving tens, even hundreds of thousands of dollars on the table.
The unfortunate reality is that electing Social Security benefits is a one-time decision that most people get wrong. They don’t realize that when and how they elect Social Security can have a profound impact on their income for the rest of their lives.
Just how much of an impact? Let’s look at a case study involving a typical couple.
*Excerpted from the forth-coming book Maximize Your Social Security, by Joe Elsasser, CFP®
Thousands of Americans make this mistake every year, leaving tens, even hundreds of thousands of dollars on the table.
