You only get one chance to make the right choices when claiming Social Security benefits, and the wrong decision could cost you hundreds of thousands of dollars. There’s no one-size-fits-all answer, and with so many different claiming options available, it’s important to work with your advisor to discuss your options and make an informed decision.
Remember, it’s important to know several things when discussing Social Security, such as your full retirement age, your spousal benefits, and whether or not you can wait to begin receiving benefits. Work with your advisor to discuss your options and make an informed decision.
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1. Social Security — Social Security Basic Facts — October 2015