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from24/7 Wall St.
5 days ago

After Decades on Wall Street, I Took My Social Security at 62. Here's Why.

Taking Social Security at 62 can make sense now, given the uncertainty surrounding major items, longevity, and financial stability. While delaying benefits increases the monthly payout, many people prioritize accessing guaranteed income earlier to cover living expenses, pay down debt, or enjoy retirement while still in good health. For those who may not expect to live into their 80s or 90s, starting benefits at 62 can maximize lifetime income by ensuring they receive payments for more years, rather than banking on a longer lifespan.
Retirement
Retirement
from24/7 Wall St.
2 months ago

Should I Cash Out My Pension for a $24k Lump Sum or Get $100 a Month for Life?

Choosing between a pension lump sum and monthly payments requires careful consideration of finances and personal circumstances.
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