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Deciding When to Take Social Security Benefits

October 25, 2024 Chris Kowalik

Distilling down the core components of the Social Security program to understand when, how, and why to start drawing benefits.

  • FORMULA: How the Social Security Administration calculates benefits at various ages (and how you can influence yours to be higher)
  • EARNINGS TEST: Why your decision to take benefits may be affected if you are still working (and how other income is treated)
  • SPECIAL GROUPS: Who may have special rules to follow (and how their benefits may be lowered)
  • CONSIDERATIONS: What other factors must be considered when making the decision to start taking benefits (and what happens if you change your mind?)

  • Download Handouts
  • Register for our next 30-minute webinar: FedImpact.com/webinar
  • Find a comprehensive retirement workshop for your area: FedImpact.com/attend

Related:

  • 10 Ways for Federal Employees to Maximize Social Security Benefits
  • Quirks of Waiting Until Full Retirement Age to Claim Social Security Benefits

About Chris Kowalik

Chris Kowalik is a federal retirement expert and frequent speaker to federal employee groups nationwide. In her highly-acclaimed FedImpact Workshops, the FedImpact Podcast, and the FedImpact Webinars, she empowers employees to make confident decisions as they plan for the days when they no longer have to work. Chris’ candid and straightforward nature allows employees to get the answers they need and understand the impact these decisions have on their retirement.
DISCLAIMER: The information presented on MyFederalRetirement.com is provided for general information purposes. The information has been obtained from sources considered to be reliable. The information is offered with the understanding that the publisher is not engaged in rendering legal, accounting or other professional services. If legal advice or other expert assistance is required, the services of a competent professional should be sought. For more information, please read our Terms of Service.
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