When Should You Take Social Security?
When it comes to your own Social Security benefits, you’ve got three alternatives:
- Take them early
- Wait until your normal retirement age
- Wait even longer
The normal age for receiving Social Security retirement benefits is a moving target (see table below). You can still elect to take benefits early at age 62 (earlier only if you are a survivor or on disability), or wait as late as age 70. Given the range of choices, as your 62nd birthday approaches, you’ll likely be thinking about more than just how all those candles are going to fit on the cake.
Before you consider whether it makes sense to take Social Security benefits earlier or later, let’s take a look at some of the rules. Read more…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.