How old you are when you claim Social Security has a dramatic effect on the monthly benefits you and, if married, your spouse will get for the rest of your lives. The later you claim Social Security, the higher your monthly benefit. As you approach retirement, how long you work and when you claim will usually have a far greater impact on how much income you’ll have in retirement than how much you save or how you invest.

One of the most imperative decisions you can make in regards to your retirement is when to start receiving your Social Security benefit.

There are pros and cons to delaying your benefit, as well as receiving it as soon as you become eligible - at age 62. At MLA Financial & Insurance Inc. we can help you navigate this process by showing you precisely what to do, and at what time, to maximize your Social Security Benefit.