Kiplinger

How to Calculate the Break-Even Age for Taking Social Security

"When should I take Social Security?"

I may hear that question more than any other. It's often followed by a related question: "If I start taking Social Security at 62, I'll collect earlier but I'll receive a smaller amount. If I wait, I'll collect more but for fewer years. What is my break-even age?"

The timing of your Social Security benefits is

You’re reading a preview, subscribe to read more.

More from Kiplinger

Kiplinger2 min read
Hurricane Fiona: Tax Relief Available for Puerto Rico Victims
Residents and business in Puerto Rico affected by Hurricane Fiona, which began impacting the island on September 17, now have until February 15, 2023, to file and pay certain federal taxes. The IRS extended the deadlines after the island was declared
Kiplinger2 min read
Stock Market Today: Dow Officially Enters a Bear Market After Monday's Slide
Selling in the stock market picked right back up Monday, and despite a brief mid-morning push into positive territory, the major indexes still ended lower.  "Despite a quiet global economic data front, this weekend and Monday morning have been anythi
Kiplinger5 min read
As the Market Falls, New Retirees Need a Plan
Anyone newly retired or nearly so must feel like they have the worst timing in the world. A portfolio tends to be largest near retirement, just before those savings are about to be drawn down. These days, however, most portfolios have lost value; the

Related Books & Audiobooks