Social Security includes a spousal benefit, in which the lower earner is able to take the greater of their own SS income or up to 50% of their spouses’.
Upon death of the higher earner, the lower earner assumes the higher earner’s benefit (replacing their own.) A survivor benefit.
Because of these spousal and survivor benefits many choose to delay collecting Social Security until age 70 in order to secure the largest monthly income, which will help to provide their younger / greater longevity spouse financial security throughout their twilight years.
I will do the opposite, and my wife will be better off for it.
There is no shortage of reading material if you wish to determine “The best time to collect social security.”
The vast majority conclude that it is best to wait as long as possible because the monthly income will be higher. Delayed social security income is larger than early social security income, and More is MORE!
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What is it exactly? Per the Oxford Languages Dictionary, luck is “success or failure apparently brought by chance rather than through one’s own actions.”
It was recently suggested that we may have been the beneficiaries of luck, which is why we are able to enjoy the lifestyle to which we have become accustomed. And given that this is the product of chance, it is irresponsible or misleading to suggest that others could do the same if only they made similar choices.