Here's One of the Most Important Numbers to Know for Social Security
One of the best ways to prepare financially for retirement is knowing just how much different sources will account for your retirement income. Whether it's a 401(k), IRA, dividends, or Social Security, you should have a rough idea of the role they'll play.
Social Security plays a large role for many people, but it's not always easy determining when you should claim your benefits. One number that can help guide your decision is your breakeven age, which is the age where the total value of higher but fewer monthly payments equals the total value of lower but more monthly payments.
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Source Fool.com
