There's a lot riding on your Social Security claiming decision. If you wait to file until you reach full retirement age, which is 67 if you were born in 1960 or later, you'll get to collect your monthly benefits in full. If you file early, which you can do starting at 62, your benefits will be reduced.
A lot of people rush to claim Social Security at 62, or at various points ahead of full retirement age, because they want the money sooner. That's understandable. But you may not realize how detrimental an early claim can be at the time.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
If you've just retired at 62, for example, and haven't really navigated life in the absence of a job-related paycheck, you might think you're OK to accept reduced benefits from Social Security only to realize you're going to be strapped for cash month after month.
The bad news is that the initial Social Security benefit you lock in at the time of your claim is typically what you'll get for life, not accounting for the program's annual cost-of-living adjustments. But one lesser-known provision could make it possible for you to score larger Social Security checks -- even if you've already been getting benefits for a while.
#security #full
A lot of people rush to claim Social Security at 62, or at various points ahead of full retirement age, because they want the money sooner. That's understandable. But you may not realize how detrimental an early claim can be at the time.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
If you've just retired at 62, for example, and haven't really navigated life in the absence of a job-related paycheck, you might think you're OK to accept reduced benefits from Social Security only to realize you're going to be strapped for cash month after month.
The bad news is that the initial Social Security benefit you lock in at the time of your claim is typically what you'll get for life, not accounting for the program's annual cost-of-living adjustments. But one lesser-known provision could make it possible for you to score larger Social Security checks -- even if you've already been getting benefits for a while.
#security #full
18 days ago
