Deciding when to claim Social Security retirement benefits can be simple for single, never-married persons but complicated for the rest of us. If you've been divorced, widowed, have a disable child or a child still in high school Social Security decisions are complicated. Even married couples are well advised to use a calculator to help them decide the best claiming strategy.
Most of us, especially if we expect to live longer than the average American, will benefit (greatly!) by waiting until age 70 to claim SS retirement benefits but you need to get expert advice before you make this extremely important decision.
A free calculator Open Social Security https://opensocialsecurity.com/ was developed by Mike Piper, CPA and author of several personal finance books.
The Open Social Security site was recommended by Wade D. Pfau, Ph.D., CFA, is the curriculum director of the Retirement Income Certified Professional program at The American College in King of Prussia, PA. He is also a principal and director at McLean Asset Management and RetirementResearcher.com.
Check out the website of the Open Social Security calculator: author, Mike Piper, Oblivious Investor (simple, low-maintenance Investing): https://obliviousinvestor.com/
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