I am 64 years old and married with two small children. I am well off financially and am wondering when the best time would be to start collecting Soc.Security. My wife is 20 years younger.
Thank you.!

Hi,

I can't make that decision for you, but here are some things to consider. The sooner you start drawing before age 70, the lower your monthly benefit rate will be. And, starting your benefits early could mean lower widow's benefits for your wife.

On the other hand, your children could only qualify for child's benefits if you're drawing your benefits. So, waiting until age 70 to file would also delay their potential eligibility for benefits. Our software (https://maximizemysocialsecurity.com/purchase) will allow you to explore and compare all of your various options so that you can choose the best strategy for maximizing benefits for you and your family.

Best, Jerry