Are you excited to begin collecting your hard-earned Social Security payments but aren’t quite sure what in the world a “normal (full) retirement age” is? In this post, we’ll clear up this term and explain what it means for your benefits.
With Social Security, you can take benefits early, on time, or late. Taking benefits on time means you will begin receiving payouts at normal (full) retirement age. Luckily if you take Social Security at normal (full) retirement age, your benefit is neither reduced nor increased, therefore no math is involved and your Social Security statement will list the expected benefit amount. Check out our previous blog posts to see what happens if you take Social Security at an age other than normal retirement age. The normal (full) retirement age for most people these days is at age 66 and some months but the full range is from 65 to 67. Click here to see exactly which month you will hit normal (full) retirement age.
Now that the term “normal (full) retirement age” is cleared up for you, be sure to check out one of our workshops to learn even more about Social Security. You can also reach our office to schedule a free consultation with a Lockheed Martin retirement specialist.
WANT MORE LOCKHEED MARTIN INFORMATION?
Want to get better educated on Lockheed Martin retirement strategies? Then download our free report, Retire with Confidence: Top 4 Things You Can Do to Maximize your Lockheed Retirement.
Be sure and check back next week for more valuable Lockheed Martin information. Cheers!