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Social Security Tips
Monday, February 8 1 Comment Share This:
The pandemic has had a slew of unintended impacts to almost every facet of life…even Social Security.
Retirement planner Beau Henderson, with RichLife Advisors in Gainesville, Ga., says the biggest trend he has seen during the coronavirus pandemic is people being forced into early retirement. “Because there is so much uncertainty in the workplace, with buyouts, layoffs and firings, people are taking (Social Security) earlier,” he says. “People who weren’t planning on needing retirement money are feeling the direct impact of that.”
For some, that means taking Social Security benefits earlier than they had planned. In fact, of the biggest dilemma’s involving Social Security is when you should begin taking benefits. Some take it early because after years of paying into the system, they want their money. Others are worried that the fund will run out of money or cut benefits. However, there is