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 Social
Security
By
Bankrate.com
Begin
collecting Social Security
Uncle Sam gives you a choice. You can begin receiving Social
Security benefits early, at the age of 62, or at your "official"
retirement age. The official age is computed based on the
year you were born, but it's between 65 and 67. If you choose
to receive benefits early, they will be reduced to account
for the longer period over which you'll be paid. You
could come out ahead, depending on how long you live.
Here's some guidance for transitioning into the world of government
benefits.
Links:
Social
Security: Now or later?, Some
Social Security benefits may be taxable, Make
sure your name and Social Security number match,
An older-worker's guide to getting a job, IRS
warns: Watch out for these "dirty dozen" tax scams,
Social
Security -- retirement-age chart , Older
workers may earn more -- and pay more taxes
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