Are you excited to begin collecting your hard-earned Social Security payments but aren’t quite sure what in the world “normal (full) retirement age” is? In this post, we’ll clear up this term and explain what it means for your benefits.

With Social Security, you can take benefits early, on time, or late. By taking benefits on time, this means you will begin receiving payouts at normal (full) retirement age. Luckily if you take Social Security at normal (full) retirement age, your benefit is neither reduced nor increased, therefore no math is involved and your Social Security statement will list the expected benefit amount. Check out our previous blog posts to see what happens if you take Social Security at an age other than normal retirement age. Normal (full) retirement age for most people these days is at age 66 and some months but the full range is from 65 to 67. Click here to see in exactly which month you will hit normal (full) retirement age.

Now that the term “normal (full) retirement age” is cleared up for you, be sure to check out one of our workshops to learn even more about Social Security. You can also reach our office to schedule a free consultation with a Lockheed Martin retirement specialist.

For more tips like these, click here to sign up for our weekly email blog newsletter. If you would like to get better educated on Lockheed retirement strategies, click here to download our Free Report titled Retire with Confidence: The Top 4 Things You Can Do Now to Maximize your Lockheed Retirement. And, if you want to have face time with a Lockheed Retirement Specialist², you can click here to schedule an appointmentclick here to sign up for our Lockheed Retirement Workshop or click here to just give us a call (817) 210-3444.

Be sure and check back next week for more incredibly valuable information. Cheers!

Disclosures*

Financial Planning and Investment Advisory offered by SWMG, LLC a Registered Investment Advisor.

Lockheed Martin Retirement Specialist is not an official title or professional designation nor is it conferred by Lockheed Martin on any individual or company.

Our Complementary consultation and free report are for informational purposes only and provided free without any obligation to utilize or retain our investment advisory services.

SMWG, LLC is not affiliated with or endorsed by Lockheed Martin Corporation. Our expertise comes from working with LMT employees for several years and helping them to retire with confidence.

Investing involves the risk of loss, including loss of principal. Past performance does not guarantee future results. Investment products are not FDIC insured, have no bank guarantee, and may gain or lose value. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable for a client’s investment portfolio.

 

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