- 443-506-6755
- jerrylober@comcast.net
- Baltimore, MD 21222
The earliest you can start collecting retirement benefits is age 62, you can apply once you reach 61 years and 9 months of age. However, Social Security reduces your payment if you start collecting before your full retirement age, or FRA. FRA is 66 and 4 months for people born in 1956 and is gradually rising to 67 for those born in 1960 or later.
The question of when you should start taking benefits is up to you. In the last 40 years that I have helped future retirees understand their choices is, what is your current financial status.
Here are some of the reasons they picked these options.
Not Earning Enough Money. Take it now.
Don’t Need To Take It Now.
Use some of the money to create a safe money fund for grand children to help pay for a down payment on a house when older to start acquiring wealth. Just think of the many ways to help your family better them selves with your help.
Check Out The Below Video’s To See How Much You Can Protect….