|Social Security balances out retiree benefits whether filing early or late, but there are still factors to think about.|
One additional reason you might want to delay applying for your benefit is if you have family members that will depend upon your benefit when you die. Survivor benefits are based upon the actual benefit that you were getting at your death, so if you delay filing and therefore get a higher benefit amount, your surviving spouse (and other family members, if eligible) will get a higher benefit amount for the remainder of his or her life, assuming the survivor benefit is greater. If your benefit is the same or smaller than your spouse's benefit, or if you don't have a spouse, it's up to you: If you think you'll outlive the average, it's better to wait. If you don't think you'll live that long, start as early as you like. For more information, check out the book A Social Security Owner's Manual (CreateSpace, 2011). >To submit a news tip, email: firstname.lastname@example.org.
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