If you are 62 years old, you will soon have an important decision to make: when to begin collecting Social Security. There are a number of factors you should consider. In this video, we'll talk through when you'll hit full retirement age, the reduction factors for electing to take social security before full retirement age and the increase factors for waiting as well as if you'll be taxed and what to gather for your visit to the social security office.
As always, please reach out to us with questions on social security or any other retirement planning questions. We're here to help!