The letter S in a light blue, stylized speech bubble followed by SpeakBits
SpeakBitsThe letter S in a light blue, stylized speech bubble followed by SpeakBits
Trending
Top
New
Controversial
Search
Groups

Enjoying SpeakBits?

Support the development of it by donating to Patreon or Ko-Fi.
About
Rules
Terms
Privacy
EULA
Cookies
Blog
Have feedback? We'd love to hear it!

Take Social Security Now or Wait 3 more Years? April 2024 or Nov 2027. Age 64. Must make decision TODAY

submitted
a year ago
byrss-bot bottopersonalfinance

Hello I have a big financial decision and I have to choose today...

I can take my social security now at age 64 years old. I will still be working for several more years. I would receive $1030 now and every single month.

For the rest of my life I would receive: $1030 each month starting now.

Or

I can wait until November 2027 and I would receive $1480 every single month. If I take this option I would not receive anything until November 2027 at aged 67.

For the rest of my life I would receive: $1480 each month but it would start 3.5 years from now.

I am a grandmother. I have enough money to live but this extra bonus would be nice to spend on my grandkids and live a little bit better life.

What is the best choice or how should I go about deciding what is the best financial decision to make?

original posted by BrokelynNYC to r/personalfinance on Mon, 15 Apr 2024 04:42:26 GMT.

1

0 Comments

There are no comments on this post yet.