We often overlook the significance of social security as we age or make the transition to retirement. However, understanding its importance can greatly benefit us later in life.

In this episode, We’ll talk about the various ages at which you can start receiving Social Security. In early retirement, which includes taking it at age 62, will result in a permanently lower benefit. Depending on the year of your birth, your full retirement age might range from 65 to 67 and if you wait until this age, your benefit will increase by about 8% annually. Although it may not always be possible, delaying until age 70 can have the most benefits. Taxes, investment performance, and family lifespan should all be taken into account while making a choice. 

Join us for this informative episode on Social Security and retirement options. By listening, you’ll gain valuable insights into when to start receiving Social Security. Don’t miss out on this essential guidance for securing your financial future!

Key Points:

#1  About social security and retirement options

#2 Social security at 62 (early retirement)

#3 Full retirement age at either 65 or 67 

#4 Benefits of delaying retirement until age 70

#5 Provisional income and its impact on taxation of Social security benefits

#6  Factors to consider in decision-making

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