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Social Security Take Or Wait? - Aaron Skloff, AIF, CFA, MBA - CEO Skloff Financial Group

by Aaron Skloff, AIF, CFA, MBA on May 26, 2009

1,454 views

Social Security Take Or Wait?

Social Security Take Or Wait?

Skloff Financial Group
www.skloff.com

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advisor security taxes estate cfa skloff group financial social planning mba aif aaron

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Aaron Skloff, AIF, CFA, MBA , CEO at Skloff Financial Group www.skloff.com 3 years ago Reply
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Aaron Skloff, AIF, CFA, MBA , CEO at Skloff Financial Group 3 years ago

Social Security Take Or Wait? - Aaron Skloff, AIF, CFA, MBA - CEO Skloff Financial Group — Presentation Transcript

Social Security – Take or Wait? Assume you are 62 years old with a $1,000 monthly Social Security payment due at your full retirement age of 66. If you start collecting today the payment will drop to $750. Over the next four years, total payments could be $36,000 compared to waiting for the larger check at full retirement age. You need to live to about 78 to make up for the cost of delaying payments. www.skloff.com
Sources: Social Security Administration, Registered Rep.