Tools04 of 09
Social Security Claiming Explorer
When should you start Social Security? Start early and each check is smaller. Wait and each check is bigger, for life. Slide the age and see.
$600 more a month than starting at 62, for life. Wait until 70 and it is $2,480.
When would you start?
Waiting means no checks for a while. When does it pay off?
No checks for 5 years. If you live past 79, waiting brings in more money over your life. If not, starting at 62 brings in more.
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Short notes on this tool, one idea each, in plain words.
What this tool does and does not do
What this shows
The check at any start age from 62 to 70, and the age by which the bigger checks from waiting have added up to more than the smaller, earlier ones.
What it does not do
It never says when to claim; it assumes nothing about how long you live, leaves out taxes, spousal and survivor benefits, the earnings test and cost-of-living increases, and saves nothing you enter.
These figures restate what you entered. They are not a projection, a recommendation, or a plan. A hypothetical illustration does not reflect the experience of any actual client. Nothing you enter is saved.
Bring the numbers. We'll talk them through.
Give us an hour. Tell us what you've built, what the tool made you wonder about, and what you want the next part of your life to look like.
For those within five years of retirement or already there, with $1 million or more set aside. No cost. No obligation.