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Ashford Insurance

What is the best age to take Social Security?

Picture of Sonia Ashford

Sonia Ashford

Sonia Ashford is the owner of Ashford Insurance, an independent health insurance agency specializing in Texas Medicare insurance.

The best age to take Social Security is a personal decision that depends on your individual circumstances.

The best age to take Social Security is a personal decision that depends on your individual circumstances. You can start receiving Social Security benefits as early as age 62, but your benefits will be reduced if you do so. The full retirement age is sixty-six for most people, and you will receive your full benefits if you wait until then to start receiving them. If you delay taking Social Security until after full retirement age, your benefits will continue to increase until age 70.

There are a few factors to consider when making your decision about when to take Social Security:

Your health. If you are in poor health, you may want to take Social Security benefits as early as possible to get the most out of them.

Your financial needs. If you need income from Social Security to cover your living expenses, you may want to start receiving benefits as early as possible.

Your retirement plans. If you have other sources of retirement income, such as a pension or 401(k), you may be able to wait to take Social Security until you are in a better financial position.

Ultimately, the decision of when to take Social Security is a personal one. You should carefully consider your individual needs and preferences before deciding.

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Picture of Sonia Ashford

Sonia Ashford

Sonia Ashford, “The Medicare Insurance Lady”, has been helping Medicare eligibles in Texas with their Medicare Insurance since 2005.