Reviewing Your Social Security Benefits
Recently, I took the time to look at my options and outcomes on when to collect social security benefits when retiring. I've been curios off and on over the years on how much I would be entitled upon retiring. As I get closer to retiring, there are some things to consider when making that important decision. ELIGIBILITY REQUIREMENTS Social security taxes are taken out of your paycheck so you can get a monthly benefit in your 60s. Although, these days, quite a few people are considering retirement before 60 but not taking retirement benefits until full retirement age. On the https://www.ssa.gov/retirement/eligibility website, it states the following: You're eligible if: You're 62 or older You've worked and paid Social Security taxes for 10 years or more They keep track of how many years you've paid social security taxes. Check your Social Security account to see if you're eligible. PLAN FOR RETIREMENT You can plan for mon...