Why You Should Delay Taking Social Security Benefits If You Can

Q. My neighbors and I are wondering. Should we begin drawing Social Security retirement benefits at 62 or wait until 66? We’ve heard that it is better to start at 62 because the difference in monthly payments is not significant and it would take up to 10 years after 66 to make up for the money you’d get from 62 to 66. ;Another advantage to drawing at…

Social Security Costs the Young Much More than It Costs Today’s Retirees

Q. The current stir about the possibility of reducing Social Security payments has many recipients “up in arms”. I am 72. I retired at 54 due to an upcoming company spin-off that I was afraid to stay around for to see what the new company benefits might be. I started taking Social Security at 62. Many people my age and older are convinced that they p…