Understanding Social Security’s full retirement age

COMMENTARY /// Planning for the golden years

Dear Rusty: I am going to stop working in October 2018 at age 62. I do not want to start drawing my Social Security then. At age 62 it would be $1,005 per month. Normal retirement is 66 years, four months, when it would be $1,454 per month.
I do not plan on taking another job. I plan to start taking my benefits at my normal retirement date.
Will my benefits at normal retirement be reduced for each year I don’t work or will they remain at the current amount? Is there a certain percentage they red...

Oops! An active online subscription is required to access this content.

Please login below or Subscribe today!