Tag: delay
Financial advisers often encourage older workers to delay signing up for their Social Security as long as possible to maximize their monthly income. But several of our blog’s readers point out, rightly, that this isn’t always possible for people in physically taxing jobs. Blue-collar workers are in a real Catch-22, caught between the unforgiving financia…
Retirees who postpone collecting Social Security from age 62 to 66 – the full retirement age for most baby boomers – get around a third more in their monthly checks. Delaying to 70 increases it even more. There’s one problem with this strategy. Many people want to retire well before they turn 66. But ther…