Topic: Finances

Do I Take Social Security Now or Wait?

One question much on the minds of leading edge boomers these days is whether they should go for a significantly reduced Social Security check at 62 or wait for full benefits at 66 years of age(even older if you were born after 1954). It's a particularly tough question for those people 50+ who find themselves unemployed due to the current economic crisis. A guaranteed Social Security check each month, even one significantly reduced, is better than nothing at all. This article "Economy Pushes Boomers to the Brink - Retire or Wait?" from the Daytona Beach News Journal describes well the angst many boomers feel.