Delaying Social Security Benefits

December 2nd, 2007  |  Published in Retirement

Last week I discussed the Social Security full retirement age, why is that important? You can begin taking Social Security payments as early as when you’re 62 if you’re willing to take a reduction, a real penalty unlike the earnings test deferral, because you’re taking payments for a longer period of time. If you are willing to wait until you are 70, then you can maximize the payments made by the SSA to you.

  

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