Jeff Young, senior vice president of First Financial Equity Corporation in Scottsdale, Ariz., told members of the Kiwanis Club of La Cañada that they should wait until they are 70 years old to apply for social security benefits.

The advisor, a frequent speaker at conferences throughout the nation, took Kiwanians through a primer on Social Security that included the complexity and myths surrounding the program as well as how the system works and the costly mistakes people make that could be avoided. This included a discussion on delayed retirement credits, FICA and survivor’s benefits.

Young is from Texas and a graduate of the University of Houston. He is a retired lieutenant colonel in the U.S. Army Reserves.

Submitted by Al RESTIVO