For most people, from the time they begin work they also start paying Social Security taxes. For many, the time to collect comes up faster than they think, and they are forced to answer the question, when do I collect? As financial advisors this is a question we help our clients with on a regular basis. We hope to give you some thoughts on the age-old question, to delay, or not to delay.
The new Strengthening Protections for Social Security Beneficiaries Act of 2018 adds protections for any elderly, disabled, or minor Social Security recipient where their benefit is paid to someone else representing them.