*First off, time flies, so if you’re reading this don’t even think about turning the page because you’re still young! (Lol!).
But seriously, experts are letting you know when it might be the best time to claim your social security. SOME people I know chose to claim it as soon as they became eligible.
They had their reasons….like um, it was the only way they could afford to buy a car…get an apartment…or a House.
But experts are on the fence with this, so to speak. If you’re eligible, the earliest you can begin claiming your social security money is 62. But you will only get a portion of it. On the other hand if you wait until your full retirement age, 66 or 67, depending on your birth year, you get 100%…and if you wait even later, say 70, you could get as much as 132% of your money.
But that’s a gamble some folk may not be willing to take.
Read more at EURThisNthat.