I’m 67 with a $140,000 pension. Should I wait until 70 to claim Social Security so my wife gets more?
“When I pass, all my retirement income is reduced to $30,000 a year.”
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# Summary This article discusses a 67-year-old's decision on whether to delay Social Security claiming from age 67 to 70 to maximize survivor benefits for his spouse, given his $140,000 pension and concern that his wife's income would drop to $30,000 annually upon his death. The analysis highlights the trade-off between claiming benefits immediately versus waiting three years for a roughly 24% increase in monthly payments, which directly impacts spousal longevity risk and estate planning for retirement-income investors.
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