Most people are eligible to elect Social Security at any time between age 62 and 70. However, most people simply elect Social Security at whatever age they decide to retire, not the age when it will give them the maximum lifetime benefit
For most married couples, Social
Security is the only retirement asset
- Is adjusted annually for inflation
- Is tax-advantaged
- Will continue to pay as long as you live
- Is backed by a government promise
With so much at stake, when and how to elect Social Security may be the most important decision middle income couples make in retirement.
Most break-even calculators in use today ignore the Spousal and Survivor benefits. Other planning software includes only one combination of election ages. Basically, neither offer a thorough analysis.
Our Social Security Analysis through Social Security Timing® evaluates all 81 election age combinations across 9 different election strategies and finds the highest lifetime benefit for you.