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SOCIAL SECURITY TRADEOFFS
Many people approaching retirement age decide to start taking Social Security income at the earliest age of 62, without realizing the tradeoffs involved. Claiming Social Security before full retirement age can significantly reduce your benefits for as long as you live. Increasing life expectancies may make it beneficial to delay benefits if you are able to make that choice. A recently updated “Guide to Retirement” from J. P. Morgan* offers the following insights: Read more…
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