Wills, Trusts & Estates Prof Blog

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Texas Tech Univ. School of Law

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Monday, January 27, 2014

Reasons to Take Social Security Early

CDearlyfees

If you were to take Social Security early at age 62, you would only receive around 75% of your monthly benefit.  However, sometimes circumstances exist where it might be better to not delay and take Social Security income earlier.  Here are six reasons why:

  1. It’s taking you a while to find full time employment.
  2. You work part time.
  3. You want the funds to go to a beneficiary.
  4. You want to invest the funds in something else.
  5. You don’t need to maximize the Social Security income of your spouse.
  6. You have a short life expectancy. 

See Nancy Anderson, When It Makes Sense to Take Social Security Income at 62, Forbes, Jan. 24, 2014.

http://lawprofessors.typepad.com/trusts_estates_prof/2014/01/reasons-to-take-social-security-early.html

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