This article provides important information that people need to know about Social Security. People need to be aware of the fact that the full retirement age is changing, and this article offers a chart that shows the ages which the changes will effect. The age that a person claims matters for how much benefits they will receive from Social Security, and the maximum age a person should start claiming is 70 or older. The benefits that a person receives are based on 35 years of working. It is also important for people to be aware of widow and survivor benefits. Married couples should coordinate their Social Security planning with each other. Being informed about Social Security techniques and when to claim can save people a lot of money.
See Casey Fleser, What You Don’t Know About Social Security Could Cost You, The Motley Fool, May 2, 2016.
