A Big Social Security Question, Answered

No images? Click here   By Elizabeth O'Brien | Jan. 22, 2023 When it comes to claiming Social Security, some people perceive the biggest risk in dying too soon. They know that waiting until age 70 gets you the fattest benefit — around 75% more than what you’d receive if you claimed at your earliest eligibility of 62. But they worry about not making it to 70 and getting nothing for their decades of hard work.  Financial advisors see a bigger threat in the chance that you’ll outlive your savings. And the best way to protect against this longevity risk is to wait until age 70 to claim, if you can afford it.  But what if you collect at 62 and invest your benefit, hoping the market will make up for the shortfall of claiming early? While stocks tend to go up over the long haul, they might not cooperate on your timeline. A new study confirms that, generally speaking, you’ll get the best result waiting until 70. Social Security will still be there when it's time. Should I Claim Social Security at 62 and Invest it or Wait Until 70?     Our Roundtable Pros Scoured the Market. 26 of Their Top Stock Picks  Shares of companies with strong fundamentals will prevail, no matter the economic backdrop.  This Simple Portfolio Makes Money in All Markets  It's a time-tested collection of eight investments. Family Caregivers Go Unpaid. Now, States Are Giving Them Grants The average caregiver provides care for 24 hours a week, and it's taking a toll on their health and finances.  Annuities Aren't All the Same. Here's the Lowdown on 2 Popular Ones Payouts on MYGAs have risen dramatically.  Here Are Barron's 12 Best Income Investments for the New Year. Investors finally stand to earn positive inflation-adjusted returns.   More Barron's Retirement Coverage        Important Tax Changes in 2023 (Morningstar) How to Check Your Ego While Investing (CNBC)   *** Stay on top of the tech trade with a daily rundown of top-performing tech stocks and the big names making news. Sign up for the Tech Report newsletter by Investor's Business Daily here.      Social Security   Medicare   Required Minimum Distribution calculator   Getting Ready to Retire? Here's a Planning Guide for the 5 Years Before Your Last Day.   Finra's Guide to Social Isolation and the Risk of Investment Fraud   The SEC's Guide to Identity Theft, Data Breaches, and Your Investment Accounts           This mailing was sent to aymentanaze.news@blogger.com,  because you signed up to be a Barron's newsletter subscriber. Manage Email Preferences | Privacy Notice | Cookie Notice | Contact Us Barron's | 1211 Avenue of the Americas | New York, NY 10036 ©2023 Dow Jones & Company, Inc. All Rights Reserved .         Unsubscribe