Deciding when to claim SS retirement benefits is critical to one's long range financial security and much more complex than most people imagine. It is NOT simply a matter of deciding at what age one will retire and start benefits, especially for someone who is currently married,widowed or divorced. Here is a link to a great tool to explain the options and help decide.
"AARP announced the launch of its Social Security Benefits Calculator, a unique interactive tool designed to help people make the complex but critical decision of what is the best age to claim Social Security benefits to meet their financial goals. The calculator is part of AARP’s new “Ready for Retirement?” effort, a ten-step approach to envisioning and planning for a secure retirement, which includes creating a budget and preparing for the unexpected."
AARP Press Release AARP Launches Social Security Benefits Calculator
AARP Press Release AARP Launches Social Security Benefits Calculator
To try out the new AARP Social Security Benefits Calculator, visit www.aarp.org/socialsecuritybenefits
Hi... that was great stuff.. I really like reading on this subject Could you tell me more on that... I love to explore
ReplyDeletePPI Refund
In addition to the links on the AARP website (on my blog) on deciding when is the best time to start collecting SS retirement benefits, the Center for Retirement Research at Boston College has a couple of resources on SS that might answer your questions. See:
DeleteThe SS Claiming Guide: http://crr.bc.edu/special-projects/books/the-social-security-claiming-guide/
and
The SS Fix-it Book: http://crr.bc.edu/special-projects/books/the-social-security-fix-it-book/
For more indepth coverage of Social Security survivors, disability, and retirement benefits see: A Young persons’ guide to SS: http://www.epi.org/publication/socialsecuritytextbook/
Jean M. Lown, Ph.D.
FCHD Dept., Utah State University