Guide to Elder Planning, A: Everything You Need to Know to Protect Yourself Legally & Financially

Chapter 11 Social Security 167

between 1943 and 1954, the age for receiving full retirement benefits

will be sixty-six years.

Early or Late Retirement

It almost sounds like an old quiz show. Do you want the money now or

do you want to come back next week and try for the car? Is it better to

take less money starting sooner or more money starting later?

If for whatever reasons, be they financial reasons, health reasons or any

other reasons, you have to retire from work at age sixty-two, you will

probably want to start collecting your Social Security retirement bene-

fits at sixty-two unless you have saved a lot of money. Be aware, though,

that if you were ...