Financial Planning Magazine – Social Security: When to Claim at 70

Financial Planning

Christopher Parr was quoted in a second article on social security withdrawal planning by Donald Jay Korn in Financial Planning Magazine.  This one focuses on when to claim at 70;

“Waiting until 70 generally is preferred, when feasible, because Social Security benefits currently increase by approximately 8% per year for every year deferred,” says Christopher Parr, CEO and president of Parr Financial Solutions, a fee-only planning firm in Columbia, Md.

The earlier article on when to claim at 62 can be found here.