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Social Security Strategy

Deciding when to begin taking social security benefits is an extremely important decision in your retirement planning process. The optimal age to begin receiving your benefits depends on factors such as your income needs, life expectancy and your desired date of retirement. You are eligible to receive full social security benefits at your full retirement age which varies depending on your date of birth as shown below:

Year of Birth                                   Full Retirement Age
1943-1954                                         66
1955                                                  66 and 2 months
1956                                                  66 and 4 months
1957                                                  66 and 6 months
1958                                                  66 and 8 months
1959                                                  66 and 10 months
1960 or later                                      67

                                                                                        Source: ssa.gov

According…

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