Fisher Investments Explains How You Can Decide When to Take Social Security

Deciding when to start taking your Social Security benefit is one of the most important decisions you’ll face when it comes to planning your retirement. This video offers some material to guide you through this decision process.
When to start taking your Social Security benefit typically depends on your financial situation and you and your spouse’s life expectancy. Every month you delay starting your Social Security benefit from age 62 to age 70 your benefit will increase. If you can afford to wait and meet your expenses without your Social Security benefit, this may lead to a larger lifetime benefit. We look at how three different options for starting your Social Security benefit play out and show you how many years you’d need to collect your benefit for waiting to be a better option.
For more information on Social Security and how it may factor into your retirement planning, you can watch others in our “Maximizing Social Security Video Series.” Topics include:

• What is Social Security?
• How Does Social Security Work?
• Estimating Your Social Security Benefit

• Options for When to Start Taking Social Security
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Видео Fisher Investments Explains How You Can Decide When to Take Social Security канала Fisher Investments