77 percent of Americans over the age of 40 do not know how much of their retirement savings they can safely spend each year without running the risk of outliving their assets. Many also just guess their retirement age when planning. What can people do to avoid these critical mistakes? | Wealth Beyond Wallstreet
When Is the Smartest Time to Take Your Social Security Check
When Is the Smartest Time to Take Your Social Security Check? if your full retirement age is 66, claiming your benefit early will reduce your benefit as follows: Age 62, reduced by 25% Age 63, reduced by about 20% Age 64, reduced by about 13.3% Age 65, reduced by about 6.7%
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How Your Retirement Age Impacts Your Social Security Benefits
After a long career of paying into Social Security, you might be wondering at what age can you retire and start collecting the money you paid into the fund. The Social Security Administration sets the early retirement age -- the youngest age that you can start collecting Social Security -- at 62 years old. However, if you take benefits before your full retirement age -- which ranges from 65 years old to 67 years old depending on the year you were born -- your monthly benefit will be…
Retirement Age Coming Up?
What Is Full Retirement Age For My Social Security Benefits?