Social Security and Early Retirement

Many people are surprised to learn that even if you retire before age 40, you'll still get a significant monthly Social Security benefit. There are also some loopholes in Social Security rules that allow wealthy Social Security beneficiaries to significantly increase their monthly check at age 70.

Here's a menu listing to quickly get you to what you want to know:

	What happens to my monthly Social Security benefit if I retire Early? Many people are surprised that they'll still get a significant monthly Social Security benefit even if they retire before age 40.		Why you shouldn't wait until age 70 to collect Social Security. Maximizing your monthly Social Security benenfit using a Withdrawal of Application (SSA-521).
	Where can a 70-year-old buy the least expensive life annuity? Surprisingly, it's your local Social Security office.		The high cost of a no-fee, no-commission Single Premium Immediate Annuity (SPIA). You can now "buy" an inflation-adjusted life annuity from the Social Security Administration for half the cost of what a for-profit insurance company would charge for the same benefit.