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Chad Griffith

It’s hard to overstate the importance of the timing of your Social Security claim—the longer you wait to start benefits, the more your eventual monthly check grows, sometimes by 25% or more. But many workers don’t fully understand the implications of their decision and claim as soon as they can. The Social Security Administration should make it very clear how much early claiming may cost you. Yet the agency’s customer representatives frequently provide inconsistent or inaccurate information, a new government study finds. In speaking with individuals, they also tend to ignore the impact of the filing decision on a spouse and dependents. If you plan to claim Social Security, you need to fully understand how your benefits, and those of your family members, are affected by the timing of your claim. And consider adjusting your withdrawal strategy or working a bit longer so you can afford to delay. Where else can you get a government-guaranteed, inflation-adjusted income stream that lasts a lifetime?

Best wishes,


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“You never know what is enough unless you know what is more than enough.”

Poet William Blake