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What's the Best Age to Take Social Security Benefits?
Manage episode 441560030 series 3428540
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Social Security retirement benefits are the bedrock of guaranteed income for most American retirees. It forms the income basis that helps to build the rest of your portfolio's withdrawal strategy. So it makes sense to ask the question: at what age should I begin taking my retirement benefits?
Everyone eligible for benefits has a "full retirement age" at which benefits may be paid out. You may also take them earlier and receive a reduced benefit, or you may take them later for an enhanced benefit. Figuring out the "best" age to start those benefits depends on a number of factors and can be complicated.
And that's why we're talking about it today! Find out what you need to know about when to start your Social Security benefits from podcast host Johnny Dean and Rick "The Professor" Plum, CFP® on today's episode of Managing Your Financial Future!
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