Social Security Breakeven

Social Security is a federal program that provides retirement, disability, and survivor benefits to eligible individuals, funded through payroll taxes. The breakeven point in Social Security refers to the age at which the total benefits received from delaying retirement surpass the total benefits received from taking early retirement. Understanding the breakeven point is crucial for retirees as it helps them decide the optimal age to start collecting benefits, balancing the trade-off between receiving smaller payments sooner or larger payments later.

This decision can significantly impact their long-term financial security. Our software allows us to determine what your breakeven point is.