There are drawbacks to taking Social Security at age 62, but there can also be good reasons to do so. These are some reasons retirees might want to consider taking it earlier.
Retiring before reaching one’s full retirement age can reduce the amount of Social Security payments in retirement.
The author says that an increase in the federal minimum wage could have an impact on Social Security and the annual COLA for federal retirees.
Advice abounds as to why one should wait until a later age to take Social Security, but when might one consider taking it as early as possible?
The author summarizes five common misconceptions federal employees frequently have about their retirement benefits.
There are three main sources of income in retirement under FERS. How much income can a federal retiree expect to get from these?