As a general rule, storage will be postponedcompany security moneyMore advantageous, but some people may be better off applying as soon as they qualify. Financial management website GoBankingRates interviewed two social welfare experts, Kevin Thompson and Greg Cornell. He told that the following five types of people should get social security benefits before the age of 62 years.
The latest data for 2021 shows that the average life expectancy for American men is 73.2 years and for women is 79.1 years. However, if you are in poor health or do not expect to live long, you will want to start receiving Social Security benefits as soon as possible so that you can enjoy Social Benefits early when you need them most. Can.
Thompson said that if there is an age difference between the spouses, when the older spouse applies for the maximum amount of Social Security benefits at age 70, the younger spouse may receive Social Security benefits in advance. Might consider doing. Thus, the increased Social Security benefits will benefit the surviving spouse in the future; Although the younger spouse receives Social Security benefits earlier, the amount will be slightly reduced, but compared to not receiving it at all, he or she may receive it for several more years.
Even if both spouses are still alive, the older spouse can begin receiving Social Security benefits in advance to supplement the family income, as long as the other spouse turns 70. Does not reach the age of one year.
If you can’t afford your living expenses without receiving Social Security benefits, consider applying at age 62, or at least until you are fully healthy.retireGet it before age. Although the amount will be reduced, in critical situations, less money is better than none.
As a parent of an adult child with special needs, it may make more sense to receive Social Security benefits early if your child is eligible for Supplemental Security Income (SSI).
Financial planner Cornell explains that such parents are making personal planssocial security benefitsWhen faced with special ideas. Starting to receive Social Security benefits at age 62 can provide higher security for families, especially adult children who can begin enjoying disability benefits based on their parents’ work eligibility.
For decades, people have been talking about the existence of a social welfare system; Many people believe that Social Security could collapse before they reach the age when they can begin collecting Social Security benefits, which is full retirement age. Whether this statement is true or not, collecting Social Security benefits early can provide some much-needed security in later life.
consumption(tagstotranslate)social security