Wednesday, October 23, 2013
Many Americans are unsure when the best time to take advantage of their Social Security is. Dan Caplinger, The Motley Fool's director, made a video that goes through a particular method to determine your Social Security breakeven date. Deciding to receive benefits early will mean that the distribution will be reduced, but waiting to be paid out will provide you with a larger pay out. For people who are single breakeven dates are usually upwards of age eighty. Watch the video to learn when your breakeven date is.
See Dan Caplinger, What's Your Social Security Breakeven Date?, The Motley Fool, Oct. 18, 2013.