early retirement
Are you ready to retire early?
All the retirement experts advise us that we need between one and two million dollars before we can retire. Others say, don’t start your Social Security before age 70. All this advice is great, but isn’t it a personal decision…
Claiming at 62, is it a matter of longevity and risk
You can claim Social Security benefits starting at age 62, but your benefits will be reduced if you claim before your full retirement age. Delaying your claim past your full retirement age can increase your monthly benefits by eight percent…
Examining the “Working After Claiming Benefits” Trend
One of the prevalent trends in the U.S. workforce participation rate these days is the increasing number of folks remaining employed through age 70. Think Advisor senior reporter John Manganaro takes a deep dive into this trend in a post…
Delaying Benefits to Age 70–The Argument Rages
Claiming Social Security benefits at age 62–the earliest possible age to collect retirement benefits–is still the most popular choice for those aging into the system. More than a fifth of new filers choose that option, despite the reduction from their…
Claiming Benefits Early? Beware the Retirement Earnings Test
Social Security regulations stipulate that upon beginning retirement, spousal, or survivor benefits, beneficiaries are considered “retired” and expected to leave the workforce. Current regulations allow for continued earning from employment for those who claim benefits before their full retirement age…
Is 40 the new 65?
Do you believe 40 is the new 65 when it comes to retirement? If so, you are not alone. According to a recent survey by Qualtrics, almost 25 percent of younger Millennials and Gen Z workers plan to retire by…
The Social Security Earnings Test—Why Does it Exist?
Claiming Social Security retirement benefits early—that is, before full retirement age (FRA)—is still a popular option in retirement finance planning. For some, it offers the opportunity to step out of a difficult work environment and into different, less stressful work.…
Is it worth it to take early retirement?
We all dream of early retirement, but what if someone told you the financial benefits of working just one year longer? Would you do it? Or would you say, I want to retire; I’ve been working for forty years. Jordan…
You don’t necessarily have to wait to claim your benefits
You can begin your Social Security retirement benefits as early as age 62. However, if you start receiving benefits early, your benefits are reduced by up to 30 percent than your full retirement age monthly benefit. Most financial experts advise…
The Social Security earnings test
You can start your Social Security retirement benefits at 62 but at a reduced rate. According to statistics released by the Social Security Administration, almost 30 percent of Americans eligible for Social Security begin to receive their benefits at 62.…