5 Frequently Asked Social Security Questions
Social Security serves as a key source of income for countless seniors, yet there's a lot of mystery surrounding the program. Here are some of the questions you'll typically hear about Social Security so that you can get your facts straight.
Eligible retirees can begin collecting Social Security as early as age 62. But that doesn't mean that 62 is the best age to start taking benefits. That's because if you file then, the payments you're entitled to will be reduced on a permanent basis. On the other hand, if you wait until you reach full retirement age to file for benefits, you'll get to collect the full amount you're eligible for based on your earnings record. You can consult the following table to see when you'll reach full retirement age:
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Source: Fool.com
