If I Could Tell All Retirees 1 Thing About Social Security, I'd Say to Do This Before You Claim Benefits

Social Security has been one of America's staple social programs for decades. For sure, there are areas that could use some improvement, but overall, it's hard to argue with how valuable it has been in keeping many retirees afloat financially. That's why the age when you claim Social Security is one of the bigger retirement decisions many people make.Your primary insurance amount (PIA) is your base monthly benefit that you'll receive by claiming benefits at your full retirement age. However, you can choose to claim before or after your full retirement.Each choice has its pros and cons, but before making the decision, I recommend finding out your break-even age. It's one metric that can help in your situation. And considering that when you claim will permanently affect our benefit amount, it's one you shouldn't gloss over.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool