AdvisorNet Financial Partners

👋 Hey everyone! As more Americans turn 65, it's crucial to understand your Social Security retirement age and its impact on your investment strategy. Here's what you need to know:

🔹 The full Social Security retirement age has gradually risen from 65 to 67 due to changes enacted in 1983.
🔹 Those born between 1943 and 1954 have a full retirement age of 66, while those born in 1960 or later have a full retirement age of 67.
🔹 Waiting until full retirement age ensures you receive 100% of the benefits you've earned.
🔹 If you delay claiming past your full retirement age and up to age 70, you can receive an 8% annual benefit increase.

Remember, the decisions about when to claim Social Security and sign up for Medicare should be made independently to maximize your benefits.

Have questions or concerns? We're happy to help.



Source:

As more Americans reach 65 than ever, here's what to know about your Social Security retirement age To get the biggest Social Security retirement benefit checks, it pays to wait.

When should you reach out to a Financial Advisor? As usual, Max has all the answers!

Life Changes – Advisor's Corner