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Social Security

Deciding on When to Take Social Security Retirement

This is a  decision that requires thought and planning.  Taking benefits early means getting a reduced payment.  Delaying benefits until age 70 will result in a larger monthly payment.  There are pros and cons to either option.  You need to consider multiple factors before making a decision.

What is Social Security?

Social Security is a government program that provides regular benefits to eligible workers and their families after the worker retires, becomes severely disabled or dies. The program is funded by Social Security taxes from employees, employers and self-employed workers.

Millions of Americans rely on Social Security for either disability or retirement benefits.  Overall, the government does a good job of calculating and distributing benefits, but sometimes mistakes are made.  Overpayments occur when you receive more money in your checks than you are entitled to receive.

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