Social Security – The Power of Patience

social security, retirement, financial planning, financial advisor colorado springsThe later you claim Social Security, the higher your monthly benefit.

As you approach retirement, how long you work and when you claim will usually have a far greater impact on how much income you’ll have in retirement than how much you save or how much you invest.

If you start collecting at age:

Age 62: $1000

Age 66: $1333

Age 70: $1760

© 2009, by Trustees of Boston College, Center for Retirement Research


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