Older Americans get choices when it comes to claiming Social Security. The earliest age you can file for benefits is 62, and waiting until full retirement age means avoiding a reduction in your monthly paycheck.

Ken and Rick discuss the pros and cons of retiring early and how this can affect social security benefits and taxes.

If you and your spouse have a nice amount of money saved up, then you may decide that you'll each claim Social Security as soon as you're able to — meaning, at age 62. And if you're the same age, that would have you filing for benefits at the same time.

Once upon a time, there was no mystery about Social Security’s full retirement age — everyone received their full benefit if they claimed at 65 years of age, the age

Although millions of older Americans rely on Social Security to make ends meet, the program is filled with gaps and flaws that make it far from perfect. And one major issue it’s facing now is the possibility of benefit cuts once its trust funds run out of money.

Social Security provides crucial benefits to millions of retirees today. And while you’ll often hear that those benefits aren’t so generous, the reality is that some seniors get a pretty nice paycheck out of Social Security each month.

Balancing work and Social Security benefits can be a strategic move for many Americans. Understanding the nuances of how earned income affects your benefits is crucial for making informed financial decisions.

Social Security is a critical income source for millions of older Americans today. But whether you’re close to retirement age or are much younger, it’s important to know the ins and outs of how the program works.