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Social Security Q&A: Shouldn't I Use My Life Expectancy To Decide When To File?

This article is more than 8 years old.

Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits.

Today’s Social Security question is about what maximum age of life to estimate when deciding when to claim benefits.

Question: Is it true that you should consider your life expectancy in deciding when to take your benefits?

Answer: You can’t count on dying on time. The chances you will die exactly at your life expectancy are zero. The only relevant longevity measure to consider is your maximum age of life—the oldest age to which you can possibly live. For most of us, that’s probably 100.

My weekly Social Security column appears on PBS NEWSHOUR’s website.