Plan retirement well. Social Security matters. Choose wisely for a secure future. Timing affects benefits.
Start Social Security at 62, full benefits at FRA (66-67), delay to 70 for max payout ($4,194/mo). Choose wisely based on your situation.
Early benefits = reduced payout. Spousal benefits cut 50%, more reductions based on start age.
Retiring early reduces benefits by up to 30%, while delaying retirement can increase benefits with delayed retirement credits.
Social Security benefits taxed up to 80% based on income. Use Form SSA-1099 to check tax status. Strategies: Roth IRAs, early income withdrawal, annuities.
Withdraw app within 12 months of approval. Once only. Repay benefits, taxes. Form 521 needed. Contact nearest Social Security office.