Social Security
Social Security is the foundation of your retirement income plan. Beginning at age 62, you have 96 different start date options when you can turn on Social Security. Starting your check at the right time can make a difference of tens of thousands of dollars during your, and your spouse’s, lifetime.
Social Security timing is more than just an algorithm; we must take into consideration your personal wants and needs for income. Some clients just want to start it early, some need it early, others want to delay until 70 to make their check as large as possible.
It is crucial to make the right decision when it comes to starting your Social Security check. You do not get a redo.
Questions we can answer
What is my Social Security Full Retirement Age?
Your Full Retirement Age (FRA) for Social Security depends on your birth year. For those born in 1958, FRA is 66 and 8 months. For individuals born in 1959, FRA is 66 and 10 months, and for those born in 1960 or later, it is 67.
Should I take from my Social Security check if I'm still working?
If you’re still working, you can take Social Security, but it may be reduced if you’re under full retirement age (FRA) and earn too much. After FRA, there’s no penalty. If you don’t need the money now, waiting can increase your future benefits.
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Cardinal is offering you a complementary Social Security timing report for you to learn about your Social Security decisions. Complete the form below to start the process of getting your report.
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Most people file between ages 62 and 70. Taking benefits at 62 provides immediate income but permanently reduces your monthly amount. Delaying until full retirement age—or up to age 70—increases your monthly benefit and may lead to more lifetime income, especially if you live a long life or want to maximize survivor benefits. The right timing depends on your health, financial needs, and long-term goals.