Call us today: (909) 498-4822

Social Security / 1 posts found

Taking Social Security at 62 is causing Seniors to lose 30%

by Admin2
Comments are off for this post.
Many Seniors who would get full benefits at 67, are taking their Social Security at 62 for various reasons. The problem is, its costing them up to 30% of the income they could be collecting by waiting. For each year benefits are claimed before full retirement age, they’re reduced as follows: 6.7% a year for the first three years. 5% a year for each year thereafter. That turns into a large chunk of income. So why is this happening? The reference article is found at: Get Your Free Savings Analysis