Social Security Fun Facts

“In 2010, 75% of the 34.5 million retired workers elected to receive a reduced benefit prior to their full retirement age (FRA). Relatively more women (76.4%) than men (71.4%) received a reduced benefit.”
(Source: SSA Annual Supplemental)

A person receives 75% of their Full Retirement Age (FRA) benefit if they begin benefits early at age 62. If they delay benefits to age 70, they then receive 132% of their FRA benefit.

Married couples have a couple of claiming options that you might not have known about including File and Suspend, Claim Now, Claim More Later and Two High Earners strategies.