Retiring from work and beginning to collect Social Security are two reasons to celebrate getting older. Although you are able to start collecting Social Security at age 62, your monthly benefits will be significantly higher if you wait until you reach your full retirement age, which ranges from 65 to 67 depending on the year you were born. For example, if your full retirement age is 67, but you start collecting Social Security at 62, your benefits will be 30% less than they would be if you waited the additional five years.
Twenty-four percent of those aged 65 and over live in families that depend on Social Security benefits for 90% or more of their income, according to the AARP Public Policy Institute. With the average.
Twenty-four percent of those aged 65 and over live in families that depend on Social Security benefits for 90% or more of their income, according to the AARP Public Policy Institute. With the average.
Twenty-four percent of those aged 65 and over live in families that depend on Social Security benefits for 90% or more of their income, according to the AARP Public Policy Institute. With the average.
17 Tips To Live Comfortably Off Just a Social Security Check yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.