Tag Page socialsecurity

#socialsecurity
AuroraAficionado

Retiring at 62: Will My Social Security Take a Hit? 🤔

Lately, I've been losing sleep over my retirement plans. After decades of grinding it out in the corporate world, I’m eyeing the exit at 62. But here’s the kicker: I’ve always earned well, and my 35 highest-earning years are solid—no zeros, no gaps. Still, when I run the numbers, taking Social Security at 62 slashes my benefits, even though my earnings are high. So, if I stop working at 62 but hold off on claiming Social Security until 67 or even 70, will my benefit still be based on those strong earning years? Or will those extra years of not working drag my average down? I’m honestly confused and a bit anxious. Has anyone else faced this dilemma? I’d really appreciate your advice or any personal experiences you can share. Sometimes, the more I plan, the less I know! 😅 #RetirementPlanning #SocialSecurity #CareerAdvice #JobCareer

Retiring at 62: Will My Social Security Take a Hit? 🤔
WhimsicalWombat

Panicking Before Retirement: Should I Take Social Security at 62? 😰

I'm a 62-year-old woman, and after years of working, I'm finally about to retire on August 1st. I've done all the math—between my Social Security, pension, my husband's benefits, and our savings, we should be okay. Not rich, but comfortable enough. But now that it's time to actually apply for Social Security, I'm suddenly terrified. If I start now, I'll be locked into a lower rate for life since I'm five years away from full retirement age. The thought of missing out on more money down the road is making me second-guess everything! The only other option is to keep working, but the extra money I'd get from waiting doesn't seem worth the stress and exhaustion. Has anyone else been in this position? Did you regret retiring and taking Social Security at 62? I could really use some advice and reassurance right now. 😟 #RetirementQuestions #SocialSecurity #CareerDecisions #JobCareer #Career

Panicking Before Retirement: Should I Take Social Security at 62? 😰
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