Most people know that you can begin collecting early Social Security benefits at age 62, with a reduction in the monthly amount. The full retirement age is gradually going up from 66 for people born between 1943 and 1954, to 67 for people born in 1960 and later. You can delay retirement even further and receive a higher payment when you retire, up until you reach age 70. And another thing that has changed since the past generation: you can continue to work and still receive retirement benefits.
Learn more about Social Security retirement benefits by reading our publication on the subject at www.socialsecurity.gov/pubs.
When you’re ready to retire, the best place to apply is from the comfort of your home computer, with some of your favorite music blaring in the background. Begin the process with our Retirement Planner at www.socialsecurity.gov/retirement. Crank up the tunes, and start planning before you head out to your next concert.
Charo Boyd is Social Security public affairs specialist for east central Indiana. Her column appears every other Monday on the Business page.