Subscribe

Social Security as a backup plan for single filers

Claim early if you need to; suspend later if you can afford it.

The key to financial planning is to remain flexible and be able to pivot as necessary if situations change. That's what happened to one reader who wrote to me recently about her decision to claim reduced Social Security benefits early at age 62 after she lost her job.
Job loss is an excellent reason

Subscribe or log in to read the rest of this content.

Learn more about reprints and licensing for this article.

Recent Articles by Author

Social Security in 2024 and beyond

Benefits will be higher next year, but long-term financial concerns persist.

Social Security do-overs and lump sums 

People who claimed Social Security early and now regret it have two opportunities to reverse that decision.

Social Security rules on kids’ benefits

Caregiving parents may receive benefits regardless of their age.

Social Security’s crucial role shadowed by new doubts

Crisis of confidence in the program is prompting many to claim benefits early.

Getting Medicare premiums refunded after death

Survivors can apply for a refund of the deceased person's unused premiums.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print