Kiplinger

When to Claim Social Security: 5 Tips

There tends to be an awful lot of advice flying around regarding when you should claim Social Security. The most common answer that I hear from other advisers is that you should wait until age 70. That's not always the case. So here are the five factors that help determine when YOU should claim Social Security.

First, let's address a common concern I hear from clients, which is "I want to claim it now because they might be broke in the future!" Well, there's good news and bad news about that. The last major study said that

You're reading a preview, sign up to read more.

More from Kiplinger

Kiplinger1 min read
Are Social Security Offices Closed on Memorial Day?
Need to replace the Social Security card you lost over the holiday weekend? If your plan is to head to your local Social Security field office first thing Monday morning to get a replacement card, save yourself a wasted trip. Social Security offices
Kiplinger13 min read
15 States With a "Marriage Penalty" in Their Tax Brackets
Of course, you marry for love...but the financial benefits of marriage are nice, too. Whether you're a newlywed or you've reached your golden anniversary, there are a number of money-saving advantages to being married: spousal Social Security benefit
Kiplinger18 min read
20 More Best Stocks to Buy That You Haven’t Heard Of
The best stocks aren't always going to be the most familiar. But sometimes, investors confuse the two. Recognizability is a powerful thing - so much so that investors occasionally make the mistake of trusting that familiarity more than a company's un