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As reported by MarketWatch today, even though it's challenging, calculating the best time to take social security benefits is well worth it, especially given that Social Security represents about one-third of the average retiree's income. What's key is evaluating the so-called break-even period to determine whether it would be better to delay Social Security benefits (delaying them means a higher monthly benefit), take a reduced benefit early, or start them at "normal" retirement age. Click here to read this article which addresses this complex situation.
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