Wednesday, May 19, 2010

Dad's Divorce: When should I take Social Security payments?

In this week's edition of Money Made Easy, host Dan Danford answers this question from a viewer: I’ve heard the longer you wait before taking your social security benefits, the bigger your checks are. So when should I retire and take my social security benefits? Why wouldn’t everyone just take it later?

Danford, MBA, CRSP of Family Investment Center, explains what the benefits are at which age, which is the best choice for you, and basic rules of taking your social security benefits.

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