If you have a high net worth and retirement income, the surest bet may be taking benefits ASAP. Read Full Article.
In Kiplinger, Scott Hanson answers the question: My wife and I are both 65 and will be retiring later this year. Over the course of our careers we’ve worked hard at saving and will both have good pensions. Our plan had always been to wait until age 70 to start Social Security, but given our high annual retirement income (almost $200k), we are concerned that we may lose some of our Social Security if the government ever decides to introduce means testing. What are your thoughts on this? Should we wait until we are 70, or should we take the money now? Read More.