There tends to be an awful lot of advice flying around regarding when you should claim Social Security. The most common answer I hear from other advisors is that you should wait until age 70. That’s not always the case. It is important to realize that the benefit is intended to be the same based on actuarial life expectancy whether you claim at age 62 or 70 or any month in between. The reality is that we don’t live to actuarial life expectancies and that is what creates confusion around when to claim your benefits.
Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Reich Asset Management, LLC is not affiliated with Kestra IS or Kestra AS. The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation. To view form CRS visit https://bit.ly/KF-Disclosures.
