What Are Your Options For Taking Social Security? Fisher Investments Answers.

In this video we share information about your options for when to start taking your Social Security benefit. You can start taking your benefit as early as age 62, as late as age 70, or anytime in between. Your Social Security benefit will be larger or smaller depending on when you start taking your benefit. But if you start taking your benefit before your full retirement age, it will be permanently reduced. Currently full retirement age is 67, but if you were born before 1960 your full retirement age will be less than 67. If you delay taking your Social Security benefit it will be permanently increased. While at age 67 you would receive 100% of your benefit, if you wait until you’re 70 years old you would receive 124% of your benefit. This video explores several scenarios and shares graphics to help you visualize the long-term impacts of different choices.

For more information on Social Security and how it may factor into your retirement planning, you can watch others in our “Maximizing Social Security Video Series.” Topics include:

• What is Social Security?
• How Does Social Security Work?
• Estimating Your Social Security Benefit

• How to Decide When to Start Taking Social Security?

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