Though your Social Security benefits are calculated based on what you earned during your career, the age at which you first file for them can impact your ultimate payout. If you claim benefits at full retirement age (FRA), which, for today's workers, is 66, 67, or somewhere in between, you'll get the exact amount you're entitled to based on your earnings history. However, if you hold off past FRA, you'll boost your payments by 8% a year, up until age 70.
Now, on the one hand, that's a pretty good deal, because you're basically getting a risk-free 8% return on your money by waiting until age 70. On the other hand, filing for Social Security ...
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What Makes Me Different From the Others?
Bigger is not necessarily better. Let’s be honest – no one wants to file for bankruptcy. No one wants to pick up the phone and meet with a bankruptcy attorney. You want someone who is going to listen to you. You need straight answers. I will do my best to give those answers to you. When you meet with me, there are no pre-printed forms to fill out – no questionnaires. I want to hear it directly from you.
Richard S. Feinsilver, Esq.
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