Social Security – Should you bet that your life will be short?

Yes, you might get less over your lifetime if you claim later

Monthly benefits are set so that lifetime benefits are much the same no matter when the average person starts to collect Social Security.

– If you’re in poor health and unlikely to live as long as the average person, you’ll probably get less, over your lifetime, the later you claim. (That’s because you probably won’t get the highter monthly benefit long enough to make up for starting later).

But note: many whose health is poor still outlive the “average person”.

Should you bet that your life will be short?

No one really knows how long they will live. But if you health is OK, you’ll probably outlive the average person. If you’re married and both in good health, the odds are even greater that you or your spouse outlives the average person.


The cost could be quite high if you lose the bet and live “too long”. If blessed with long life, you might barely scrape by in your 80’s.

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

Does not represent the Social Security Administration.

Social Security Seminar

Social Security Benefits

Strategies to Optimize your Social Security Benefits

Dale E. Payne, CFP®, ChFC®, CLU®, CDFA® cordially invites you to join us and learn about many common mistakes people make in sighing up for Social Security benefits. Uncover little known strategies that could optimize your lifetime benefits and KEY FACTORS you need to know BEFORE applying for Social Security benefits. Don’t lose tens of thousands of dollars in benefits unnecesarily! TIMING COULD BE EVERYTHING!


  • Little-known strategies to increase your Social Security benefits
  • How benefits are calculated and simple strategies to increase them
  • Coordinating benefits… Why maried couples could miss out on substantial benefits
  • When should you apply for Social Security… What you don’t know could cost you!


When: Tuesday – March 18th at 6:30pm
Where: Coronado High School Cafeteria – 1590 W. Fillmore St. – Colorado Springs, CO 80904

When: Thursday – March 20th at 6:30pm
Where: Cheyenne Mountain Library – 1785 S. 8th St. – Colorado Springs, CO 80905

If you are between the ages of 58 and 67, you should consider this event.

RSVP by Calling: 800-849-6404