2. Work even longer
As we already mentioned, you can enjoy your retirement years as early as 62 and receive Social Security, but your “precious” benefits will be minimized by 25 percent to 30 percent—and no one wants this.
For every American citizen born after 1942, the highest normal pension age is 66, with two months added for each year after 1954. For those born in 1960 and after, it is age 67.
That’s why is really smart to be patient and wait until the full retirement age (66) to start receiving your Social Security benefits in order to get the highest amount you’re eligible to collect. It would be even better to wait longer, so that you can be eligible for delayed retirement credits that actually maximize your monthly payment.
