14 May El Seguro Social/When To Take Social Security
El Seguro Social: Vale la pena esperar / When To Take Social Security: It Pays to Wait!
These videos on When To Take Social Security: It Pays to Wait! were produced by one of our Ford Foundation BESOL (Better Economic Security Over A Lifetime) partners: the National Academy of Social Insurance (NASI). You can go here to download their toolkit.
Social Security benefits can be taken at any time between 62 and 70, but there are sound financial reasons to delay if you can. If you wait, your monthly benefits will be higher for the rest of your life.
- If you need Social Security to make ends meet, take it – you’ve earned it.
- But if you can wait, even a year or two, your monthly benefit will be higher – for the rest of your life.
- If you’re married, you have two lives to plan for. If you are the higher earner, waiting to take Social Security means providing a higher survivor benefit for your spouse if she or he outlives you.