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SIMPLY RETIREMENT Insights

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2023 Social Security Quick Reference Guide

This quick reference guide provides key Social Security numbers to help you in planning. The percentages shown here are applied to the primary insurance amount (PIA) of the worker on whose earnings record benefits are being claimed. The PIA can be found on the worker’s Social Security statement. It is an estimate of the benefit amount if claimed at full retirement age (FRA). You can obtain your latest statement by opening an account at ssa.gov/myaccount.

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3 Little Known Social Security Strategies That Can Make a Big Impact

For those between the ages of 62 and 70, you have the opportunity to begin claiming your Social Security benefits, whether you were planning to or not. However, when you choose to start receiving your social security benefits is a decision that shouldn’t be taken lightly. It is also a decision that in most cases does not allow for a “do-over”. However, these little-known strategies may not allow a complete do-over, but may provide flexibility should your situation change once you have already started or have made the decision to start receiving your Social Security benefits.

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