For those approaching retirement, a common New Year’s resolution is to knuckle down and finally learn how their Social Security will work. A recent article in USA Today described the Federal Government’s new tool to help consumers understand how their choices on when to take Social Security payments will affect their benefits. As always, we at JGB recommend that you talk to your own financial advisor about the best way for you to claim Social Security.
Article on the tool from USA Today:
Direct link to the CFPB Social Security Planning tool: