RadioBDC Logo
Where Is My Mind? | Pixies Listen Live
 
 
< Back to front page Text size +

What age should you start collecting Social Security?

Posted by Joe Allen-Black  September 29, 2012 02:13 AM

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article

You can start collecting Social Security at 62, but it might not be the best idea. If you can hold out longer -- say, until you are 70 -- then you could have a much nicer regular income coming in.

The decision of when to collect Social Security is one of the most critical decisions you will ever have to make. Watch Jack Otter, executive editor of CBS MoneyWatch, talk to Gayle King and Norah O'Donnell in the video below about the five things you should know to get the most out of Social Security.

If you do want to retire a bit earlier, here are some tips to set up your finances right from Cheryl Costa at AFW Wealth Advisors. Her tips include maintaining a diversified portfolio, so you aren't stuck losing money on one bad investment.

How are you planning for retirement? What questions do you have a setting your target retiring date? Discuss in our comments.

This blog is not written or edited by Boston.com or the Boston Globe.
The author is solely responsible for the content.

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article

 
ABOUT MANAGING YOUR MONEY
Local finance professionals share insights and advice on issues such as budgeting, managing debt, and retirement planning.

About the contributors

D. Abraham Ringer is a CERTIFIED FINANCIAL PLANNER practitioner and a Financial Adviser with Morgan Stanley Global Wealth Management in Boston. He is registered in MA, NH, NY and several other states to which his articles are directed. For more information please visit www.morganstanleyfa.com/ringer
Financial Planning Association™ of Massachusetts has 900 members who specialize in the financial planning process. Many of its members engage in philanthropic pro bono work in their communities, recommend legislation, elevate public awareness, promote financial literacy, and advocate for sound economic and tax policies.
Odysseas Papadimitriou is the founder of CardHub.com, a credit card and gift card marketplace, and WalletHub.com, a personal finance site. He has more than 13 years of experience in the personal finance industry, and previously served as senior director at Capital One.

E-mail your question

Name:
E-mail:
Your question/comment:
archives