BEAM Wealth Advisors, Inc.
Scott Bordelon, CFP®, AAMS®, BFA™, AIF®
Chief Investment Officer
72096 Ramos Ave., Ste. D
Covington, LA 70433
800-256-5221 x102
FAX 888-453-5977
sbordelon@beamwealth.com
www.beamwealth.com
 
 




Social Security Break-Even Calculator
Social Security Break-Even Calculator

What is the best age to start receiving Social Security retirement benefits? To help make that decision, this calculator compares the cumulative Social Security retirement benefits paid beginning at three different starting ages, and estimates how long it takes for the cumulative benefits begun at a later age to equal or "break even" with the cumulative benefits begun at an earlier age.


The total cumulative benefits you receive can be affected by a number of factors, including the age at which you begin receiving benefits and how long you live.


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You can use the Retirement Estimator calculator available at the Social Security Administration's website (www.ssa.gov) to calculate your monthly benefit amounts. Full retirement age (FRA) is between 66 and 67, depending on your birth date. Refer to the table below to determine your FRA. While your actual FRA may fall in the middle of a calendar year, for this calculator, use age 66 if you were born between 1942 and 1957. If you were born in 1958 or later, use age 67.

Full Retirement Age
If you were born in:Your full retirement age is:
1943-195466
195566 and 2 months
195666 and 4 months
195766 and 6 months
195866 and 8 months
195966 and 10 months
1960 or later67

Investment Advice offered through BEAM Wealth Advisors, Inc., an SEC Registered Investment Advisory Firm. Securities offered through Purshe Kaplan Sterling Investments, member FINRA/SIPC, headquartered at 80 State Street, Albany, NY 12207. BEAM Wealth Advisors, Inc. and Purshe Kaplan Sterling Investments are separate entities and not affiliated companies.

This newsletter should not be considered as providing tax or legal advice, while tax and legal matters are often discussed. This information has been provided from sources and data believed to be reliable but is not guaranteed by your advisor, BEAM Wealth Advisors, Inc. or Purshe Kaplan Sterling Investments. This newsletter is provided by BEAM Wealth Advisors, Inc. and should not be construed as investment or tax advice. For specific advice, please contact us for an appointment.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) or investment strategy that may be appropriate for you, consult your financial adviser prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly. 

This communication is strictly intended for individuals residing in the state(s) of AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NV, NH, NJ, NY, NC, ND, OH, OK, OR, PA, SC, TN, TX, UT, VA, WA, WI and WY. No offers may be made or accepted from any resident outside the specific states referenced.
Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2024.