Social Security

One of the most common questions people ask about Social Security is when they should start taking benefits.

This is the $64,000 question. Making the right decision for you can have a meaningful impact on your financial income in retirement.

Before considering how personal circumstances and objectives may play into your decision, it may be helpful to preface that discussion with an illustration of how benefits may differ based on the age at which you commence taking Social Security.

As the accompanying chart reflects, the amount you receive will be based on the age at which you begin taking benefits.

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