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The Complete Idiot's Guide® To Protecting Your 401(k) and IRA by Bill Lane, Jennifer Lane

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Social Security Planning

Deciding when to take your Social Security benefit is an important part of protecting your retirement accounts and your long-term financial security. Taking the benefit too early—before you’ve earned your full benefit—could hurt your accounts as you’re forced to withdraw from your IRA, 401(k), or other retirement assets to meet expenses. Withdrawing later might give you a higher Social Security benefit, but waiting might put pressure on your nest egg to cover current expenses.
You can draw reduced Social Security income benefits starting at age 62. If you were born before 1937, your full Social Security benefit was available when you turned 65. If you were born between 1938 and 1942, your full benefit is available at ...

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