Financial 411 Blogs

With Robert Goldsmith

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Part 2 Social Security

How Patience Could Pay Off

Approximately two-thirds of retirees claim benefits as soon as they turn 62 (referred to as "early retirement").

Did you realize that when you start collecting as soon as you are eligible, you surrender 25% of your full Social Security retirement benefit?

Social Security is one of the most powerful financial assets you have. It’s a tax-favored income, guaranteed for life, indexed for inflation and can never be reduced. Are you sure you want to take a 25% reduction in your monthly payment?

Watch this short video to learn how you can avoid these penalties and receive everything you're entitled to.