Don’t put off Social Security until you’ve really thought things through - The Motley Fool
Starting your Social Security retirement benefits is a major step in the next phase of your life. You can begin your retirement benefits as early as age 62 or as late as age 70. If you choose to start receiving your Social Security retirement benefits at age 62, it will be at a permanently reduced rate. However, if you choose to delay taking your benefits from your full retirement age up to age 70, your benefit amount will increase by eight percent per year. Many financial experts advise you to delay your filing to age 70, which seems like a wise move but is it the right decision for you? Maurie Backman suggests before you move forward with that decision, ask yourself these questions. Read Ms. Backman’s article here…
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