Tag: Social Security benefits
Abstract The option to claim Social Security before the full retirement age (FRA) has been around for over 50 years. But claiming benefits early has an inherent trade-off: more years of income are received in exchange for an actuarially reduced monthly benefit. The actuarial reduction is designed to be “fair” for the average worker in…
If you’re approaching retirement, when you claim benefits is the most important financial decision you’ll likely make. The Social Security Claiming Guide sorts through all the options, spells out how much you can get, and answers frequently asked questions — all in a clear, easy-to-read, and colorful format. The companion brochure offers highlights of t…
