It can be one of the most important financial decisions you’ll have to make in your life – when to begin taking Social Security retirement benefits. The years between 62 and 70 can make a world of difference to your financial future and the future of your spouse and heirs. Often, the decision can be muddied by complex calculations and varying scenarios. There is no one size fits all choice when it comes to Social Security but just knowing how the system works and what your options are is a good place to start.
A recent article in the Washington Post lays it out nicely and can help you start the conversation. If you’re approaching decision time and would like someone to walk through your individual options, give our office a call. We’d be happy to help.