When Should I Take Social Security?

We work with a couple, who was still working, but old enough to start taking Social Security.

They were holding off, though… because they’d heard the same advice you’ve probably heard – the longer you wait, the more you’ll get.

We actually determined it was more beneficial for the lower wage earner to go ahead and start taking Social Security now, while the other waited.

It was like found money for them!

That’s the difference between Googling a financial question – and getting advice from a trusted professional who really knows you and your unique situation.

When to start taking Social Security, is a big decision. You have a lot of different options.

And you only get one shot at it – and the rest of your life to live with it.

There ARE a lot of benefits to waiting longer to take it.

After your full retirement age, you’ll get an 8% bump each year the longer you delay.

But it’s not just a financial decision, it can be emotional too.

While the numbers may say wait, choosing a different course of action could offer you a much needed sense of financial confidence.

We’ll talk about ALL of the factors that go into making the best decision possible – Like your age, health, life expectancy, your overall assets, and your marital status.

And we’ll put it into context, as one part of your whole financial plan.

In the meantime, go ahead and log on to SSA.gov to check out your projected benefits.

It will also show you some important dates – of the earliest and latest you can take a withdrawal, and your full retirement age, which depends on when you were born.

Helping to turn complex questions like when to take Social Security… into easy-to-understand advice… is just one of the many things we do for our valued clients.

When you’re ready to talk about it, give us a call.

This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of the author, and not necessarily those of Raymond James. Every investor's situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Be sure to contact a qualified professional regarding your particular situation before making any investment or withdrawal decision.