What are the trade-offs?
Here’s a hypothetical example. Let’s assume that your full retirement age is 66 and you are eligible for a benefit of $1000 per month at full retirement age.
If you start collecting at age
62 you collect $750
63 you collect $800
64 you collect $866
65 you collect $933
66 you collect $1,000
67 you collect $1,080
68 you collect $1,160
69 you collect $1,240
70 you collect $1,320
Written By Korving & Company, LLC
Korving & Company is an investment management, financial advisor, and financial planning firm that specializes in working with retirees, couples who are serious about retirement planning, and women who have recently suffered the loss of a spouse.