A few things you may want to think about before filing for benefits.
Provided by Reeve Conover – Conover Consulting
Whether you want to leave work at 62, 67, or 70, claiming the retirement benefits you are entitled to by federal law is no casual decision. You will want to consider a few key factors first.
The 2017 version of the answer to this question has just been released by the trustees of both pools of money. According to an article in Marketwatch:
FROM CBS NEWS:
Retirees on Social Security are likely to bank a pay raise next year for the first time since 2015 — though many won’t even notice the cost-of-living increase in their benefits, which will amount to a cup of coffee or two for the average recipient.
Your Social Security income could be taxed. That may seem unfair, or unfathomable. Regardless of how you feel about it, it is a possibility.