Do-Over options
Three ways to increase your Social Security benefit
You can typically get monthly Retirement benefits starting at age 62 if you’ve worked and paid Social Security taxes for 10 years or more. However, your benefit will be permanently reduced. The reduction is calculated based on the number of…
Social Security’s “Do Over” Options (They’re Not Secrets, Just Not Well Known)
Statistically, 42% of men and 48% of women claim their Social Security benefits at age 62, the earliest age to claim retirement benefits. Often, after taking this step, these folks realize that it may have been better to wait until…
Understanding the Two Social Security “Do Over” Options
Many folks opt to begin drawing their earned Social Security benefits at the earliest possible age (62), and after the fact realize the long-term implications of accepting the reduced monthly benefit. Or, their financial circumstances change after beginning benefits causing…