Know your Social Security options

For those who are close to retirement, one of the hot questions is when to start claiming Social Security benefits. You may have different options, depending on whether you have savings or others forms of income or not.

To consider your options concerning the age at which you start getting the benefits yo can look at the chart at:
personal.vanguard.com/us/insights/article/social-security-options-05112010

What other factors should I consider?

Your decision is an individual one; there is no “right” answer. Several considerations may influence you, including:
Your current health and family’s longevity history.
Plans for you and/or your spouse to continue working while collecting benefits.
Your spouse’s age and earnings history.
Your other income sources.

To know your options about Social Security benefits visit SSA.gov

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August 2, 2010

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