When to Claim Social Security
A financial expert says there is no best age to start Social Security benefits.
Many people wonder when to start taking Social Security. George Kamel, a Ramsey Solutions expert, says waiting for a "magic age" is the wrong idea. Kamel believes people often claim benefits too soon. Fear, not a good plan, drives these choices.
The Social Security trust fund faces a big deadline. It may run out of money by 2032. This worry makes some people claim their benefits as fast as they can. They think it's better to get the money now.
Kamel wants people to think clearly. Make choices based on a smart money plan. Do not let fear guide your Social Security decisions. Your personal financial health matters most.
Your age, your health, and your other savings all play a role. A careful choice helps your money last longer. It makes sure you have enough in retirement. Source: Fox Business