The theme this week on the One Minute Retirement Tip podcast is: critical ages for retirement planning. Today we’re talking about why age 62 is so important:

• Social security starting age! 
• % of people who take social security at 62: - reason! They need the money 
• Health and longevity will determine whether you might start early 
• I’m a big advocate of waiting, especially if your health is good and you’re able and willing to keep working. Or maybe you want to retire, but some part-time work or tapping into your investment accounts in the early years will help lock in a higher income. 
• However, there may be some strategic or practical reasons why you would start collecting your social security checks at this age. 

Social security analysis - analyzes different social security choices based on your expected benefits and provides a break-even age for each social security starting age. Just send me an email with your full retirement age monthly benefit amount and your year of birth to [email protected]. 

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the One Minute Retirement Tip.

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance