Importance of retirement planning
- when should you start retirement planning
- when should you begin retirement planning
- when should you start financial planning
- what age should you start retirement planning
Retirement plan example...
How much of your salary should you put toward retirement, why?
What Important Things To Consider When Planning for Retirement (En español)
What Is The Best Age To Start Your Benefits?
There is no "best age" for everyone. Ultimately, it is your choice.
You should make an informed decision about when to apply for benefits based on your personal situation.
Your monthly benefit amount can differ greatly based on the age at which you start receiving benefits. If you decide to start benefits:
- Before your full retirement age, your benefit will be smaller, but you will receive it for a longer period.
- At your full retirement age or later, you will receive a larger monthly benefit for a shorter period.
The benefit amount you first receive sets the base for the amount you will receive the rest of your life.
You may want to consider the following when deciding:
If you plan to continue working while receiving benefits, there are limits on how much you can earn each year between age 62 and full retirement age and still get all of your benefits.
Once you reach full retirement age, your earnings do not affect your ben
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- when to start retirement planning