After mostly ignoring bad news through the latter part of 2021, the market’s mood has shifted since the start of the new year. Volatility jumped significantly in the past week, sending major indexes into a downward spiral. A combination of factors is fueling the drop, including potential conflict between Russia and Ukraine, actions from the Federal Reserve, and ongoing uncertainty about the U.S. economy.
With social security there are different rules from age 62 up until your full retirement age. Knowing which rule applies to you will impact when you can take social security.
When should you start taking social security benefits? Like everything else, there are multiple variables that come into play before you should make a decision. Age, income, and taxes.
Let’s talk about the fundamentals of your social security decision-making, how the government calculates the numbers on your behalf, and how this data can affect your decision on when to take social security.
Social security is going to be a large part of most people’s retirement, and the decision of when to take it is not to be taken lightly.
The first thing everybody needs to understand when it comes towards retirement is “Where is your money going to come from?” It’s not the same as when you were working. In your working years you had a paycheck. Now you have to replace that paycheck. You need to understand where your dollars are going to come from so that you can live your life.
Learn more about making informed decisions about when to start receiving Social Security benefits within the context of your overall retirement income strategy.
Maintaining health could cost more than you expect; heres what you need to know.
With smart savings strategies, you can put your money to work for you.
Learn the four key questions to help shape your strategy for spending the retirement income youve worked a lifetime to build.
Schedule a free 15-minute phone call to discuss your personal situation.
