When to start collecting Social Security benefits. Chapter 3.

You have three main options:

  • Start collecting early
  • Start collecting at full retirement age
  • Start collecting after full retirement age

 

Let’s discuss the second one: start collecting at full retirement age?

 

At full retirement age you receive 100% of your benefit.

 

The Pros:

 

You receive the full Social Security benefit earned.

 

The Cons:

 

You could receive a larger benefit by waiting.

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