When Should I Take Social Security Benefits

Many Americans are unsure when the best time to take advantage of their SocialSecurity is. Dan Caplinger, The Motley Fool’s director, made a video that goesthrough a particular method to determine your Social Security breakeven date.Deciding to receive benefits early will mean that the distribution will bereduced, but waiting to be paid out will provide you with a larger pay out. Forpeople who are single breakeven dates are usually upwards of age eighty. Watchthe videoto learn when your breakeven date is.

See Dan Caplinger, What’s Your Social Security Breakeven Date?, The Motley Fool, Oct. 18, 2013.