Social Security – Financial Literacy Tiphttps://unbroke.net/wp-content/uploads/2017/03/blog-dummy-1024x576.jpg 1024 576 Charles Weeks Charles Weeks https://secure.gravatar.com/avatar/74ccfbdde4452e70d4c2538b882749c1?s=96&d=mm&r=g
When you choose to collect Social Security could have a huge impact on your retirement plan. While most collect as soon as they can, 62, many would be better off delaying until they at least get closer to their full retirement age, either 66 or 67. If you choose to wait past your full retirement age you will receive an 8% increase for every year you wait!
When you collect is a very personal decision and really depends on how much you have saved and your life expectancy.
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