When does it make sense to draw Social Security benefits early?

Reporter: David LaMartina

Publication: ThinkAdvisor


Deadline: Jun 14, 2017 12:00 pm

This story will be featured in a new, retirement-focused section of Nationwide’s ThinkAdvisor website. The new section will be similar in content to the previously featured Retirement Wire: This second round of stories for August and September will focus on Social Security. Most financial experts agree that it’s beneficial to delay Social Security distributions, at least until the full retirement age – and for some, all the way until the maximum age. However, life expectancy, taxes, portfolio growth and other considerations may actually make it a good idea for some clients to collect early. To financial advisors: In what situations do you recommend that your clients collect earlier than the full retirement age? Requirements: I’d like to speak with financial advisors well-versed in Social Security, who have made Social Security an integral part of their practices.

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