Cash Flow Planning for Life - Helping you reach your personal & professional financial goals.

Cash Flow Planning for Life

Helping you reach your personal & professional financial goals.

Knowing your full retirement age is the first step…

This is the 1st tip in our series entitled “The Nuts & Bolts of Social Security in 7 Easy Tips.”

…in planning when to start receiving your social security benefits.

There are a few different ages at which you can start receiving your retirement benefits.

Click on the link to find your full retirement age based on your year of birth.

  • Age 62: The first full month an individual is 62, is the earliest age an individual can commence receiving benefits. However, benefits will be reduced approximately one-half of one percent for each month you start receiving benefits before reaching full retirement age. Click on the following link to view a chart of reduced benefits.
  • Age 65: Full retirement age for an individual born in 1937 or earlier.
  • Age 67: Full retirement age for an individual born in 1960 or later.
  • Age 70: Age at which delayed retirement credits stop accruing.

So now that you know what age you can claim social security benefits, you’ll probably want to know when you should actually start taking your benefits.

I’ll tackle that question in the next post :).

“The Nuts & Bolts of Social Security in 7 Easy Tips” is also available as a FREE eBook at my website: www.Makara-Assoc.com/ebooks/.

If you have any questions about  Social Security Planning, or think I can help you in any other ways, contact me, or give me a call at (239) 384-9688.

– Mark

This information is based on facts, assumptions and representations as stated and authorities that are subject to change. We will not update this information for subsequent legislative or administrative changes of future judicial interpretations.
LEGAL NOTICE AND DISCLAIMER: The information within this blog is for informational and educational purposes only and is not tax advice and should not be used as such. The facts of each individual situation can have significantly different outcomes when applying tax law. The hiring of a CPA is an important decision not to be based solely on advertisements.

2 Responses

  1. When Should I Start Taking My Social Security Benefits? | Cash Flow Planning for Life Says:

    […] your full retirement age is the first step in the decision […]

    Posted on October 21st, 2010 at 2:36 pm

  2. Your Social Security Planning in 7 Easy To Understand Tips. | Cash Flow Planning for Life Says:

    […] Tip 1 – At What Retirement Age Can I Claim My Social Security Benefits ? […]

    Posted on February 16th, 2011 at 11:29 am

Leave a Reply