62, 67, or 70? For many retirees, Social Security income is an essential part of their financial strategy. But what’s the right time to file? Our article has some useful details on when to take Social Security benefits or what is the best retirement age for Social Security ? 62 vs. 70 — a vast difference As many people likely know, the earliest you can file for Social Security is age 62, but if you do so, your monthly payment will likely be reduced because, as the article

One of the strongest potential steps for creating more retirement income, is waiting until you reach age 70 to file for Social Security. A U.S. News and World Report article, How to Delay Claiming Social Security Until Age 70 , has valuable information, including that you may want to consider spending down other accounts before you file for Social Security. For example, you may be able to utilize a 401(k) or IRA while waiting for Social Security. Review Your Other Options Sav

Many Americans are concerned about the future of Social Security because for a lot of people, Social Security income is one of the most important elements of their financial strategy for retirement. An Investopedia article, What Will Social Security Look Like When You Retire?*, presents some information that I think will help us discuss this very point. First, it addresses Social Security’s future. According to the article, the Social Security Administration’s 2023 Trustee’s

You’ve worked too hard for your money over the years to lose it to scammers. But, unfortunately, Americans lost almost $153 million to scammers impersonating government agencies in 2019, and more than $37 million to Social Security-specific scams.* These are people like you, your neighbors, friends and family. These are parents and grandparents, who presumably have a limited amount of money for their retirement and the legacy that they hope to leave behind for their familie

Many Americans are forced to file for benefits early for financial reasons, which can cost them dearly in lost income.

Alternatively, sometimes one spouse earns a lot of money and the other doesn't work or earns very little. In this circumstance, the brea