Take the Bait or Be Patient and Wait?
When it comes to deciding at what age you elect to initiate your Social Security benefit, waiting can make all the difference.
We have found that many investors are tempted to take Social Security early, before their full retirement age (FRA), even as early as age 62. However, giving in to this temptation can oftentimes be a costly one.
For every year you delay Social Security benefits after your FRA, you receive a guaranteed 8% annual increase in your benefit amount!
Aside from a complicated government benefit program and a cholesterol-laced breakfast party, a number of trending and notable events have occurred over the past two weeks:
- The first Democratic debate of 2019 – a two night affair
- Lee Iacocca, American automobile executive, dead at 94
- Nike pulls Betsy Ross Flag sneakers after Colin Kaepernick criticism
- Independence Day, 2019
- A pair of powerful earthquakes strike Southern California
- Wealthy financier Jeffrey Epstein is arrested on sex trafficking charges
- U.S. Women’s National Soccer Team wins its second consecutive World Cup
- 15-year-old American Coco Gauff’s magical Wimbledon run ends with fourth round loss
Lastly, please take three or four minutes to review the curated content found below, highlighted by:
- Our most recent June 2019 Monthly Market Lookback publication, “All Along the Watchtower“
- A white paper discussing what was socially responsible investing, now called environmental, social, and governance (ESG) investing.
We encourage you to reach out to us (info@towerpointwealth.com) with any questions, concerns, or needs you have. The world continues to be an extremely complicated place. We are here for you, and look forward to connecting with, helping, and being a direct, fully independent, and objective expert financial resource for you.
