Tapping Social Security
Although you’re entitled to draw Social Security benefits as early as age 62,
tapping into your benefits before full retirement age can permanently reduce your benefits. In general, electing to delay your benefits past full retirement age – up to age 70 – will increase the amount you are eligible to receive.
When to start taking Social Security benefits depends in large part on your income needs and your health. It’s also important to consider how the amount of your monthly benefit might affect your overall retirement plan, including implications for withdrawal rates and your tax situation, among other factors.
Learn more about how Social Security fits into your retirement picture.
Contact us so we can help you choose the strategy most appropriate for you.