6 Social Security Calculators That Can Help You Decide When to Claim
From the U.S. News & World Report website
One of the most important retirement decisions you will make is when to apply for Social Security. Several retirement calculators have been developed to help you determine the optimal retirement age to start Social Security payments. But these calculators often produce varying results for the same scenario due to slightly different underlying assumptions.
For example, a55-year-old woman with a $40,000 salary who plans to sign up for Social Security at her full retirement age of 67 would receive benefit estimates ranging from $1,141 using Bankrate’s calculator to $1,512 with AARP’s calculator, according to an analysis of six Social Security calculators by the Social Security Administration.
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