Social Security – Financial Literacy Tip

1024 576 Charles Weeks

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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Collecting Social Security at 62 or 66; does it matter and how do you decide?


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Charles Weeks

Charles Weeks

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