Patience Can Pay Off. You will understand this proverb at the end of this story.
PATIENCE
BIRTH
CLAIM AGE
BENEFIT
Thick Brush Stroke
1960 Or Later
Burst
70%
62
BIRTH
CLAIM AGE
BENEFIT
Thick Brush Stroke
1960 Or Later
Burst
124%
70
The Average Social Security Benefit is $1676 according to SSA. Let's Use this as an arbitrary example.
$1676
Early Claims end up in a $420 per month loss.
$420 LOSS
Claiming at Age 70 would add $537 per month to your benefit.
$537 GAIN
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This results in a $955 monthly difference between an early claim and claims at age 70.
$955
This results in a $11500 annual difference between an early claim and claims at age 70.
$11500
Audible - Just $5.95 per month for the first 4 months
AUDIBLE
Get This Deal
BIRTH
CLAIM AGE
BENEFIT
Thick Brush Stroke
1943 - 1954
Burst
75%
62
BIRTH
CLAIM AGE
BENEFIT
Thick Brush Stroke
1943 - 1954
Burst
132%
70
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