Retire early? Or retire later? It depends.
It’s the age old (well, at least since the late 1930’s) Social Security dilemma – what is the right age to start benefits? The answer is, of course, that it depends on your own personal circumstances. But according to Social Security, the program is designed to pay out to the “average” person about the same amount in benefits no matter what age you retire at. And a strong case can often be made that 62, the earliest age you can start Social Security benefits, is the best age to start. This Motley Fool article by Selena Maranjian makes the case of why it may be in your best interests to retire early. Click here to read more.