2 Smart Reasons for the Rich to Take Social Security at Age 70
One of the toughest questions eligible seniors will contend with is deciding what age is best to take Social Security benefits. Since there is no one-size-fits-all guideline (i.e., we all have variables, such as income, health, marital status, and so on, that make us unique), there's always that thought lingering in the back of our minds of whether we've made the right claiming decision or not.
Further complicating matters is that we (thankfully) don't know our expiration date. If we did, it'd be easy to ensure that we're always making the optimal claiming decision. But since we don't, we have to lean on these aforementioned variables when deciding the best time to take benefits.
While this decision is particularly important for those folks who will be reliant on Social Security income to make ends meet, the wealthy can also feel the impact of their claiming decision. Keeping in mind that there is no perfect claiming strategy, here are two good reasons why the rich could be smart for waiting as long as possible and taking Social Security at age 70.
Quelle Fool.com
