A financial expert says there's a strategy for claiming Social Security early that no one thinks about

Americans can begin claiming reduced Social Security benefits at age 62, whether they're officially retired or not. Most financial planners, however, recommend waiting until full retirement age between ages 66 and 67, or later, to take Social Security to get the full benefit. In a new article published on The Motley Fool, financial expert Dan Caplinger says there's another Social Security strategy that no one talks about: claiming the reduced benefit at 62 and investing the cash.

Americans can begin claiming reduced Social Security benefits at age 62, whether they're officially retired or not. Most financial planners, however, recommend waiting until full retirement age between ages 66 and 67, or later, to take Social Security to get the full benefit. In a new article published on The Motley Fool, financial expert Dan Caplinger says there's another Social Security strategy that no one talks about: claiming the reduced benefit at 62 and investing the cash.

Hell yeah. Get your money ASAP Before the GOP bankrupts the fund.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

California DMV data breach exposes thousands of drivers' Social Security informationThe California Department of Motor Vehicles on Tuesday said it suffered a data breach in which government agencies had improper access to the Social Security information of 3,200 people issued driver's licenses. No shit how do you think collection agencies and robocalls got our information Just another reason to hate the CA_DMV In others words, Hacked ?
Source: latimes - 🏆 11. / 82 Read more »

Social Security reform proposal: Why do estimates of the 2100 Act’s impact differ?Analysts score the bill similarly, but financial effects vary dramatically.
Source: MarketWatch - 🏆 3. / 97 Read more »

Thousands of California DMV customers’ Social Security information accessed by government agenciesThe California Department of Motor Vehicles on Tuesday said it suffered a 'data breach' in which government agencies had improper access to the Social Security information of 3,200 people issued drivers’ licenses. Nice 😴😴😴😴😴😴😴😴🤡new org. Shocking. It only took them 3 months to send tags... after we did a change of address, verbally told them - and they still sent to old address. That org need work.
Source: latimes - 🏆 11. / 82 Read more »

Social Security No-Match Letters: What Businesses Need To KnowA business should take seriously the legal and immigration implications of a letter stating information on a W-2 does not match SSA records.
Source: Forbes - 🏆 394. / 53 Read more »

18 People Who Will Make You Feel Better About Your Painfully Awkward Social LifeBeing a person is hard.
Source: BuzzFeed - 🏆 730. / 51 Read more »

I’m 68 and have $48,000 in debt. Should I take my Social Security now or wait?The retiree: age 68, plans to retire at 70, earning $135K with a pension and $800K in an IRA, and little debt. The question: Take Social Security now, or wait? Here's our columnist's answer... is that a fairly common financial picture for a boomer? Now .
Source: MarketWatch - 🏆 3. / 97 Read more »