filing early

Four reasons not to take your benefits early

Many retirees are not sure when to begin their Social Security retirement benefits. If you start your benefit at age 62, you will receive a reduced amount; however, if you postpone taking your benefits from your full retirement age up…

Dramatic increase in initial claims for Social Security benefits

Americans are rushing to apply for Social Security benefits this year, for some, earlier than planned. Why? Many Americans saw the changes around the Social Security Administration and the stock market volatility as a sign that they should apply for…

You may not want to wait until 70

You can start your retirement benefit at any point from age 62 up until age 70. Your benefit will be higher the longer you delay your start date. Although starting your benefits at age 70 will maximize your monthly income,…

Is delaying your benefits worth it?

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 – Should I Retire at 65 or 67? And What About Earnings & Taxes? 

Dear Rusty: I’m just trying to figure out how to determine whether to retire at 65 or 67 and, if I retire, approximately how much could I make outside of my Social Security without being overly taxed.  Signed:  Thinking About…

Why take the risk?

You can start receiving your Social Security benefits as early as age 62; however, if you start receiving benefits early, your benefits are reduced a small percent for each month before your full retirement age. That small percentage could add…

Here’s the average age retirees claim Social Security

You can start receiving your Social Security retirement benefits as early as age 62; however, you are entitled to full benefits when you reach your retirement age. If you delay taking your benefits from your full retirement age up to…

Ask yourself these three questions

Social Security is the largest source of income for most beneficiaries, replacing only 33 to 55 percent of earnings for the average worker. So, it is essential to make the most of your benefits. Katie Brockman suggests you ask yourself…

Help boost the amount of your monthly check

A recent Gallup poll found that 59 percent of retirees said their monthly Social Security check is their leading source of income. So, achieving a higher monthly benefit is essential to many seniors. But what if you were many Americans…

Ask Rusty – Can I Claim Social Security and Still Work?

Dear Rusty: I will be turning 63 soon. Can I apply for Social Security and continue to work?  Would I be limited to how many hours or how much I could make?  I know my monthly SS amount would be…

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