Question

Ssa

Forum|Forum|2 years ago
July 26, 2023
1 reply
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Is there a break even point to as to when to apply? When is the best time to apply for social security?

Ask the Experts - Retirement - July 2023

Greetings!

There are different options as to when to start claiming social security benefits. In a nutshell, generally, the earliest you can apply is 62 years old and the latest you can apply is 70. Naturally, the longer you wait, the higher the benefits. There is a great article on the social security website along with a table with an example scenario to help you understand the different possibilities and outcomes:

https://www.ssa.gov/benefits/retirement/planner/agereduction.html#:~:text=You%20must%20be%20at%20least,are%20approximate%20due%20to%20rounding.

Best regards!