When can I begin receiving Social Security retirement income?
Social Security will pay retirement income benefits as early as age 62. However, benefits can be reduced quite a bit if you choose to take your income at this first opportunity.
Another option is to hold off until your full retirement age, which allows you to receive your full benefit.
You can also choose to wait longer, which will allow your benefit to be increased even more.
Visit www.ssa.gov for more information about Social Security benefits. The site has great tools to help you with deciding when you should begin taking benefits.
© 2024 Peshke Financial Inc., all rights reserved. NMLS #2244878. DRE #02210589. "Making Finances Simple. Changing Lives." is a pending trademark with USPTO. Material contained in this website is for informational purposes only and is not meant to be construed as direct financial advice for your specific situation. It is recommended that you consult with your own advisors for any personalized financial guidance. Since we’re not licensed attorneys, we cannot provide legal advice. As such, any info contained in this website should not be construed as direct legal advice. Individual Licensure (see profiles) - click here. Send Docs Securely - click here.