Social Security: You’re doing it wrong

Chances are that you’re doing Social Security all wrong. Upwards of 97% of people eligible are making a huge mistake – one that could be costing you tens of thousands of dollars.

I’m here right now to make sure that you don’t make that mistake by showing you the real facts and figures…

…especially the ones that Social Security doesn’t want you to see…

You’ve probably been planning your retirement for quite some time, and Social Security is undoubtedly a part of that plan.

But have you sat down and decided exactly when you’ll be taking your social security payments, or have you checked to make sure that you know which benefits you’re eligible for?

It may seem simple, but not many do it the “right” way.

The not-so-secret trick to getting your hands on a fatter social security payout for the rest of your life is waiting until you reach the age of 70. The upside to waiting is a 76% higher Social Security payout than you’d receive if you claimed your Social Security benefit at age 62!

Yet an incredible 97% of people DON’T wait, and thusly give up their chance to receive the maximum benefit.

Now, let me be clear: in some circumstances, claiming you benefits before the age of 70 can absolutely be the correct call, but not often.

The more likely scenario is that a person will claim early because A) they believe they need the cash at the moment, B) greed, C) they haven’t done their homework, D) they have been laid off and find it easier to start collecting now rather than taking a job and waiting, even though that strategy will end up costing them thousands and thousands of dollars in the long run.

What many people don’t realize is that the life expectancy age is rising.

Miscalculating that vital number can throw a gigantic wrench into your later years, especially considering that the “break-even” point for starting to collect your benefits at 62 versus starting to collect the maximum benefit at 70 is only in the very low 80s.

I want you, barring extenuating circumstances, to be a part of the 3% who wait to collect Social Security until you’ll receive the maximum!

TIP: There’s no point to waiting beyond age 70 to collect. Your payout will not increase, and you’ll simply be forfeiting payments.