Ep 18: The Decision on When to Take Social Security

The Social Security program allows you to start receiving benefits as soon as you reach 62. Monthly payments differ substantially depending on when you start receiving benefits. The sooner you start receiving benefits, the smaller your monthly payments will be. This episode gives a brief overview on how to decide when to take Social Security. It is a good idea to talk to a financial planner to analyze the pros and cons of the decision and to see how it will impact your life.