"Assuming health is good, married couples should hold off until at least full retirement age (66 or 67) before taking any benefits," Koehnen says. "Taking it before this time will result in a permanent reduction that could mean missing out on significant dollars, depending on how long they live. I recently ran an analysis for a client, which showed that if they both waited until full retirement age and ultimately lived until age 85, they would receive over $150,000 in additional benefits."For healthy couples who would like to maximize their lifetime payout, Koehnen recommends delaying the collection of benefits -- with the exception of Social Security spouse's benefits, as you'll read below -- until age 70 if possible.
5 Social Security Tips For Couples
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