Published 1 month ago

Financial Focus: When should you take Social Security?

Summary by Ground News

You can start collecting Social Security benefits at 62, but your checks will be considerably bigger if you wait until your full retirement age, which is likely between 66 and 67. With a spousal benefit, your spouse can receive up to 50% ofyour full retirement benefits, regardless of when you start taking them.

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Sterling Journal-Advocate

Financial Focus: When should you take Social Security?

One of your important sources of retirement income will likely be Social Security — but when should you start taking it? You can start collecting Social Security benefits at 62, but your checks will be considerably bigger if you wait until your full retirement age, which is likely between 66 and 67. You could even wait until you’re 70, at which point the payments will max out, except for yearly cost-of-living adjustments. But if you need the mon…

1 month ago

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