early filing
Timing is everything when it comes to Social Security
“Timing is everything.” — Buck Brannaman. This statement applies when it comes to when you should claim your Social Security benefits. If you take them at age 62, they will be permanently reduced by as much as 30 percent compared…
Crunching the numbers of early versus delaying Social Security
You can start receiving your Social Security retirement benefits as early as age 62. If you start receiving benefits early, your benefits will be permanently reduced. However, you are entitled to full benefits only when you start at your full…
Ask Rusty – About Claiming Social Security Early and Investing It
Dear Rusty: I am a 63-year-old single lady, and I have questions regarding Social Security “early retirement,” though I will still be working full time. I know there is a maximum allowable income limit and, if I exceed that, I…
Fear of Insolvency Driving Many Decisions to Claim Benefits Early
It’s not the only reason folks claim Social Security before full retirement age, but the growing anxiety over the program’s financial future has become a significant factor driving early filing. The Schroders 2025 US Retirement Survey results note that 36% of…
Thoughts on Delaying Social Security Benefits
Most folks know that age 62 is the point at which Social Security benefits can be claimed. Most folks also know that exercising this option represents a reduction in the monthly amount they could receive by waiting until their full…
Don’t let fear cost you money
According to Suze Orman, a financial expert with more than 40 years of experience, the biggest retirement mistake you can make is claiming your Social Security benefits early. Delaying your claim can significantly increase your total lifetime benefits, as starting…
Some reasons why you may want to start early
You can begin your Social Security retirement benefits as early as age 62. However, if you start receiving benefits early, your benefits are reduced. But if you delay taking your benefits from your full retirement age up to 70, your…
Ask Rusty – Can My Wife and I get Spouse Benefits from each other?
Dear Rusty: My wife and I are currently collecting Social Security. We both started receiving SS at 62 years old. That said, we get by on a tight budget. A retired friend told us about an option which allows a…
Only 4% claim Social Security at 70
You can start receiving your Social Security retirement benefits as early as age 62 but at a reduced amount. However, you are entitled to full benefits only when you reach your full retirement age. If you delay taking your benefits…
Understanding How Age At Filing Impacts Benefit Levels
Getting the highest Social Security benefit possible is generally only a dream for most workers. It requires a long career in a high-paying job, along with deferring benefits all the way to age 70 to take advantage of delayed retirement…