When should you apply for social security?

The answer is different for every person. However, did you know that if you delay the onset of benefits past age 66, you will earn delayed credits? For each year you delay the start of benefits, your benefit will increase by 8% per year up to age 70! (Horsesmouth, 2012)

Applying at age 70 earns you the most credits and can result in up to 32% more benefit! So if Bob Boomer waits until age 70 to apply, his $2,466 PIA will increase to $3,255 (not including cost-of-living adjustments)! (Horsesmouth, 2012)

A Social Security Analysis could help you on the right path to making the most out of your social security benefits. Contact us today and see if our social security experts can help you maximize your retirement. www.paytaxeslater.com