Social Security Claiming Strategies

Roughly half of retirees claim Social Security benefits at age 62, as soon as they become eligible. Some people delay benefits and postpone using their retirement savings as an income source. Others apply out of necessity; their financial situation leaves them little choice. These factors aside, what if you have a choice? If you wait a few years to apply for Social Security, how much more income might you realize?

Financial Considerations for 2013

After the election, Congress may or may not end up keeping income and estate tax rates at their recent levels. Next year may bring some notable financial developments, and it isn’t too soon for households to think about them.