Social security is a major part of your retirement income, even if you already have plenty of assets. Determining when to start collecting social security is an important financial decision that requires careful consideration of many factors.
Here are just a handful of the things that we'll discuss:
Have a realistic idea of your life expectancy.
Start to get a feel for what you spend each month.
Know what your other assets are and how they will generate income for you.
Know the amounts of your Social Security benefit at your different ages.
Get objective help from an advisor to help evaluate your overall situation.
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