Many people call retirement the golden years, and they look forward to it for decades. However, those who make the wrong decisions before and during retirement could find that it’s not as pleasant as they anticipated. Here are some useful tips to help you start your retirement right and increase your happiness and health.
1. Decide When to Start Getting Social Security Benefits
When you retire, you may not want to start withdrawing your Social Security benefits. People who retire early could have to wait to apply for Social Security benefits, and others might not receive the full benefit. According to the Social Security Administration, you can start getting Social Security benefits when you turn 62, but you’ll get about 30% less every month. If you wait and use your retirement savings alone or continue to work for a while, your benefits will increase.