Delaying Social Security “is the best deal in town”

You can’t always get what you want.  But if you try sometimes you just might find you get what you need. Rolling Stones, 1969.

“There is nothing better that most people can do to get what they’ll need in retirement than delaying when they start collecting Social Security.”  According to analysis by the Center for Retirement Research, the payoff for delaying claiming Social Security retirement benefits is “enormous.”  For example, “take someone who’s 60 and could get $10,000 per year by claiming Social Security today. That would increase to more than $13,000 per year by waiting until 66 and to more than $17,000 by waiting until 70.”  Read the details on the Squared Away blog: http://squaredawayblog.bc.edu/squared-away/getting-what-you-need-for-retirement/