One day (if it hasn't happened already) you will go to your mailbox to find an envelope which reads "card enclosed". Yes, I know we look and feel fabulously young now (and that's a good thing). Keep it up, but your AARP membership card is a rite of passage like getting a driver's license -- and -- whether or not you choose to think about what aging means right now, in the coming years you will be forced to come to terms with your impending age and retirement.
One of the biggest decisions you will have to make in your lifetime is, when to begin taking your social security distributions. There has been much political talk about changes around retirement, but for the time being, you can begin taking distributions (at a reduced rate) at 62 and full distributions between 65-67 years old)
Never has there been a financial decision that more people have screwed up than when to claim Social Security benefits. Approximately two-thirds of the population elects to receive benefits early, at age 62. This decision is typically not based on any type of financial analysis or plan.
Here are some questions you might have about when to start taking those benefits
Should I start taking my distribution at 62? or Should I wait until I'm 70?
Is there a difference between starting dates for women and men?
What are the differences in taking distributions if I'm married or if I'm single?
Click here to get the 411 and help you get the answers to the questions
I'm Just Sayin!
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