Specifically, you lose 5/9 of 1% of your PIA per month for up to 36 months when claiming early, then 5/12 of 1% for every month thereafter. That means signing up for Social Security at 62 can reduce your checks by up to 30%.

If Social Security reserves are depleted by 2033, as predicted, future benefits could be cut by as much as 21%. Here’s how to weather the impending storm.

As simple words go, “retirement’’ carries a lot of weight and a lot of baggage. Now that retirement is bouncing around in your mind, and you entertain the thought of giving up your day job, you ask yourself: One answer responds to both questions.

Retirees with public pensions and their spouses are now eligible for their full Social Security benefits.

Here I’ll share how I waited for my Social Security benefits until age 70, as well as the reasons why. My wife and I enjoyed a fulfilling, semi-retired life through our late 60s that involved working enough to pay for our living expenses while still having plenty of time to enjoy our grandchildren,

One of the most discussed subjects in retirement planning is Social Security benefits and the age at which one should start receiving them. While you can elect to take them as early as 62, most financial planning experts suggest that it’s more advantageous -- assuming you’re in good health and don’t need them to live on -- to wait for your full retirement age of 67 (all those born in 1960 or later) or even to 70.