The Great Timing Debate: Should I Claim Social Security Early or Late?

Financial advisers urge clients to wait as long as possible to collect Social Security

When it comes to collecting Social Security, the conventional wisdom is clear: Wait. The longer you delay claiming Social Security, the larger your...

The Great Timing Debate: Should I Claim Social Security Early or Late?

(StatePoint) Retirees become eligible to claim Social Security benefits at age 62, but the timing of when you claim can drastically impact your benefit amount. Still, when to claim will be entirely dependent on your unique situation. As you approach…

Should you take CPP at age 60 and invest the payments?

There is little debate that if you have a decent investment portfolio, you should delay CPP and Old Age Security payments. You’ll be the recipient of a significant boost in government benefits that we can consider as pensionable income. It’s guaranteed for life and adjusted for inflation. From age 65 to age 70, the guaranteed income boost is 42%. If you take CPP at age 60 compared to age 65, you’ll receive 36% less. But what happens if you take …

Dave Ramsey Says Claim Social Security Early, Other Experts Say Wait — Who Is Right?

Dave Ramsey says claim Social Security at 62. Other advisors say wait for higher lifetime benefits. Here's how to decide which strategy fits your retirement needs.