We’re all about retirement planning, and we often talk about Roth IRAs and other retirement accounts and strategies.
But what about Social Security? It’s an often overlooked, though highly critical, component of your retirement plan.
There are ways to maximize your Social Security income, but the most effective strategies need to be put in place before you actually begin collecting benefits.
This can be confusing, because there are several different options as to when you can take Social Security. For example, you can take benefits beginning at ages 62, 67, 70, or any age you choose.
However, know that your age at the time of retirement will affect the amount of your benefit, as well as the benefits you’ll receive for the rest of your life.