Trying to decide the best age to file for Social Security Benefits? Using a Social Security break even calculator can give you some important data to help you make the right decision for you.
A Social Security break even calculator can help you understand which filing age will net you the highest total payments from Social Security over your lifetime.
At face value, using these calculations seems like a logical approach to making the filing decision. But it’s just one step in the process, as this is a complex situation with more data points to consider. Break even age is an important consideration, but that information alone cannot be the deciding factor when choosing the best filing age.
It is, however, a great starting point, so in this article we’ll aim to make sure you walk away with an understanding of the following:
- Who should use a Social Security break even calculator
- The problem with the calculators available today that you need to bear in mind
- How to access our one-of-a-kind Social Security Break Even Calculator (for FREE)