Strategizing Social Security benefits collection
Social Security is a significant part of retirement planning for many individuals. It provides a steady stream of income that can help cover essential expenses during your golden years. However, one of the most critical decisions you’ll need to make is when to start collecting your Social Security benefits. This decision can significantly impact the total amount of benefits you receive over your lifetime. Choosing when to collectThe Social Security Administration allows individuals to start collecting benefits as early as 62 years old or delay it until they’re 70. The timing of when you choose...