Our daily roundup of retirement news your clients may be thinking about.
When is the best time to file for Social Security benefits? Seniors need to consider several factors to decide at what age they should file for Social Security retirement benefits, according to this article on Fox Business. They may delay the benefit for increased payout in the future if they have other income sources, they are healthy, or interest rates are high. Taking the Social Security benefits early may help retirees cover their debt, but it could also mean reduced benefit not only for the retirees, but also for their spouse and dependents.
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