When to Claim Social Security -- the Subtle Factors That Could Make a Big Difference in Your Perfect Claiming Age

If you're looking for advice on the best age to claim Social Security retirement benefits, you're bound to come across conflicting opinions. Some might say you should start benefits as soon as possible, some say you should wait until age 70, and others might strike some middle ground.The truth is, there's no one-size-fits-all prescription for the best age to claim Social Security.Many academic studies examining optimal claiming ages can rely on overly simplistic models and focus too heavily on a single factor (maximum lifetime benefits). That makes their findings interesting but impractical for most households. Social Security is but a single factor in many households' complex retirement finances. Subtle differences among retirees could have a big impact on when you should claim benefits.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool