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Video instructions and help with filling out and completing Where Form 8815 Filing

Instructions and Help about Where Form 8815 Filing

If you're wondering what the best age is to file for Social Security, you've come to the right spot because I'm gonna give you a few things to think about that no one else has. You know, trying to figure out when you should file for Social Security perplexes a lot of people. There's data that suggests everyone should file early, then there's other data that suggests everyone should file later, and it just leaves individuals really confused. And I know this because it's the number one question that I'm asked. If you look at what Americans file for Social Security, they haven't gotten this figured out yet. In fact, nearly 60% of all Americans filed before full retirement age, around 30% filed at full retirement age, and 12% filed sometime after for retirement age. What's interesting is that those that file before full retirement age, the vast majority of those are simply filing at age 62, the earliest age they can. And there is no way that just filing at the earliest age possible was right for nearly half of all 62 year olds. There's enough data on retirement planning to know that's not right, and there's a reason individuals do this, and we're gonna cover that in just a moment. But first, let's go back and look at how filing age reduces or increases your benefit amount. So let's assume that age 67 is your full retirement age, that's when you can get 100% of your benefit. If you file at 62, you're going to get less, around 70% of your benefit, and you'll see that benefit increase all the way back up to your full retirement age. And then if you file after your full retirement age, you'll get slightly more than what your full retirement age...