When Should You Take Your Social Security?
Ever since President Franklin D. Roosevelt signed off on the 1935 Social Security Act, most Americans have ended up pondering this critical question as they approach retirement:
“When should I (or we) start taking my (or our) Social Security?”
And yet, the “right” answer to this common question remains as elusive as ever. It depends on a wide array of personal variables. It depends on how Congress acts. It depends on how the unknowable future plays out.
No wonder many families find themselves in a quandary when it comes to taking their Social Security benefits. Let’s take a closer look at how to find the right balance for you.
Social Security Planning: A Balancing Act
For Social Security planning purposes, you reach full retirement age (FRA) between ages 66–67, depending on the year you were born. However, you can generally begin drawing Social Security benefits as early as age 62 (with the lowest available monthly starting payments) or as...
Leah Hadley, AFC, CDFA
I'm Leah Hadley, a financial planner and money coach. Believe me when I say that I am no stranger to financial challenges. Becoming a mom to 3 children overnight, job loss, divorce...I've experienced a lot of financial challenges in my adult life and it has fueled my passion to help others reach their financial goals. I am here to support you every step of the way. Thank you for the opportunity to support you on this journey.
Great Lakes Investment Management, LLC, may transact business only in states in which it is registered, or in which it is excluded or exempted from registration. Great Lakes Investment Management, LLC, is currently registered in Ohio, California and Texas. All written content on this site is for information purposes only. Opinions expressed herein are solely those of Great Lakes Investment Management, LLC, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. This website may provide links to others for the convenience of our users. Our firm has no control over the accuracy or content of these other websites.
