When’s the right time to apply for Social Security? It’s a question that yields a different answer for everyone.
This is because everyone’s situation is different. However, there are a few common signs that you may be nearing the ideal point to claim. After a point, waiting simply doesn’t pay off anymore.
For starters, if you’re experiencing health issues, you may be better off claiming your benefits. Especially if your issues impact your ability to work, it could be better for your health and quality of life to claim. The same is true if your expenses are mounting, and you need to get your money as soon as possible.
Finally, if you’ve reached 70, you’ve delayed your benefits to the point where you won’t get any more credit for waiting. This is the point to apply for them, and enjoy the fruits of your hard work and your patience.
Have you applied for Social Security?
