A common way of deciding when to begin taking Social Security benefits has been to calculate the break-even age. That's the age the client must live beyond in order for the highter, delayed benefits to provide a higher lifetime income.
However, the break-even method omits many factors that can influence the age at which benefits should begin, including cost-of-living adjustments (COLAs), taxes, and spousal benefits.
Contact me to help you decide when is the best age for you to start Social Security benefits.
Making the wrong choice could cost you more than $100,000 over a 30-year period.
The time is now to strategically plan to stop wasting money on taxes you are not required to pay.
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