Published on: 07/13/2019
Social Security: The Benefits of Waiting
Elena Sharma at Avidian Wealth Management says were talking an additional 8% per year after age 66. “Lets say you if your monthly benefit is around $3,000 per month at your full retirement age, if you delay to age 70 you may be able to achieve almost $11,000 more per year at age 70” -Elena Sharma, CFP®, RICP®.
“Sharma says especially if you expect to live into your 80’s your talking about quite a bit more money over the lifetime of the benefits. If you’re still working when you begin taking social security it will be taxed as income.” – Scott Crowder, News Radio 740 KTRH
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