Social Security Report

Preparing for Retirement

There is more to preparing for retirement than just applying for benefits at 66. To get the most out of retirement and benefits, you need to know what your situation looks like well in advance. The first step is to know exactly how much money you will be receiving from Social Security each month for at each age that you are able to apply. This ranges from 62 to 70, anywhere in between those years is currently when you are allowed to apply for Social Security, and each of those years offers a different number on the monthly check. Getting the most out of this number relies on many different variable, including your health, total savings, investments, and how long you plan to work past retirement age. For more information on this subject, visit this article by William Colsher with SeekingAlhpa.com.

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