Recipients pay federal income taxes on their benefits if their combined income (50% of benefit amount plus any other earned income) exceeds $25,000 per year filing individually or $32,000 per year filing jointly.12Information on the taxation of Social Security benefits is found inInternal Revenu...
The answer is a little more complicated than it seems. Officially, you can start your retirement benefit at any point from age 62 up until age 70. Your benefits will be higher the longer you delay taking Social Security due toCost Of Living Adjustments(COLA) that tend to keep up with inf...