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When to Claim Social Security | Durham News
Waiting until 70 to claim Social Security may seem smart, but it means skipping nearly 96 monthly checks—potentially costing you $144,000 over eight years. The break-even point is often around age 80, but that ignores inflation, investment opportunities, and taxes. Claiming early lets you use cash now, avoid higher tax brackets, and keep more in your retirement accounts. But if you’re healthy, have a long life expectancy, and can afford to wait without dipping into savings, delaying could still be worth it—especially to boost your spouse’s survivor benefit. The right time to claim depends…
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