One of the toughest decisions that seniors face is when they should start taking Social Security benefits. Thinking about a few possibilities makes the decision easier for most people.
It is common knowledge that monthly Social Security benefits increase if you do not begin taking them as soon as you are eligible. That leads many people to believe that the best option is to delay as long as possible to receive the maximum monthly amount. For many people that is the best option. However, it is not the best option for everyone. The Wills, Trusts & Estates Prof Blog recently posted some things to consider when deciding when to start Social Security benefits in "Considerations To Chew Over When Choosing When To Take Social Security" including:
Reference: Wills, Trusts & Estates Prof Blog (April 3, 2016) "Considerations To Chew Over When Choosing When To Take Social Security"
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