Early Bird Doesn’t Get the Social Security Worm

By: ETFdb
Here’s an eye-opening statistic: 73% of Americans who are collecting Social Security (SS) today are receiving less than their full benefit. That’s right — they may not be getting their just deserts. That’s because we all have options when it comes to collecting Social Security benefits. And the decisions can be complicated, particularly when you consider the many facets of the program. There are spousal benefits, survivor benefits, disability — and that’s not all. I’ll get into these in future posts. Today, we’ll focus on individual benefits and the critical decision of when to start collecting them. Essentially, you have three choices, and the one you choose will affect the size of your monthly paycheck. Take benefits early. You can begin collecting Social Security benefits as early as age 62. In doing so, however, you sign up for a permanently reduced benefit. (Your payment is not adjusted when you reach [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Here’s an eye-opening statistic: 73% of Americans who are collecting Social Security (SS) today are receiving less than their full benefit. That’s right — they may not be getting their just deserts. That’s because we all have options when it comes to collecting Social Security benefits. And the decisions can be complicated, particularly when you consider the many facets of the program. There are spousal benefits, survivor benefits, disability — and that’s not all. I’ll get into these in future posts. Today, we’ll focus on individual benefits and the critical decision of when to start collecting them. Essentially, you have three choices, and the one you choose will affect the size of your monthly paycheck. Take benefits early. You can begin collecting Social Security benefits as early as age 62. In doing so, however, you sign up for a permanently reduced benefit. (Your payment is not adjusted when you reach [...]

Click here to read the original article on ETFdb.com.

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