The Unfortunate Truth About Claiming Social Security at Age 70
Sunday, 28 April 2024, 07:00
You're taking a risk
Delaying Social Security until age 70 may not maximize lifetime income for all due to health or family history. Making an informed choice is crucial.
You might have already maxed out your benefit
Consider factors such as spousal benefits and the timing of claiming to ensure you're optimizing Social Security benefits.
You'll have to pay for Medicare out-of-pocket
Enrolling in Medicare at 65 without Social Security benefits can impact your budget. Plan for premiums to prevent financial strain in retirement.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.