Atwood Accounting Solutions

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Atwood Accounting Solutions Our mission is to provide small business owners with affordable, consistent accounting services

27/07/2026

Claiming at 62 gives you an 8 year head start worth about $134,400.

Waiting until 70 gives you a bigger check for the rest of your life.

Here's the actual math behind that tradeoff.

Claim at 62 and you'll get roughly $1,400 a month.

Wait until 70 and that jumps to about $2,480 a month.

That's a difference of $1,080 more every single month if you wait.

But claiming early isn't nothing.

Those 8 extra years of payments from 62 to 70 add up to about $134,400 in your pocket before the higher checks even start.

So the real question isn't which number is bigger.

It's how long you expect to collect.

The break-even point between these two ages lands around age 80.

Live past that, and waiting until 70 wins out over your lifetime.

Pass away before it, and claiming at 62 actually paid out more.

This math also ignores COLA increases, taxes, investing returns, and survivor benefits, all of which can shift the answer.

There's no universal right answer here.

The best claiming age depends on your health, your cash flow needs, and what you're actually trying to accomplish in retirement.

30/06/2026

For Kentucky it’s your final day to file your Annual report. Be sure to get them filed.

3 Financial Mistakes That Hurt Small BusinessesMost financial issues don’t come from one big mistake—they come from smal...
22/04/2026

3 Financial Mistakes That Hurt Small Businesses

Most financial issues don’t come from one big mistake—they come from small habits over time.

• Waiting until tax season to review your books
• Not reconciling accounts monthly
• Making decisions without accurate reports

Consistent bookkeeping isn’t just maintenance—it’s what keeps your business financially stable.

Address

KY

Opening Hours

Monday 08:30 - 16:30
Tuesday 08:30 - 16:30
Wednesday 08:30 - 16:30
Thursday 08:30 - 16:30
Friday 08:30 - 16:30

Telephone

+15023842705

Website

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