Should you collect Social Security early or delay? - CNBC
You can start receiving your Social Security retirement benefits as early as age 62, the most popular age. However, you are entitled to full benefits when you reach your full retirement age. If you delay taking your benefits from your full retirement age up to age 70, your benefit amount will increase. About 34 percent of women and 31 percent of men signed up for Social Security at age 62; however, by doing so, their benefits are permanently reduced. It’s important to understand how collecting at different ages will influence how much you will receive and its impact on your spouse. Trina Paul explains the several factors you should consider when deciding when to start your Social Security benefits. Read Ms. Paul’s article here…
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