When it comes to Social Security retirement benefits, the age at which you can begin receiving benefits and the amount you receive can vary based on when you choose to start receiving benefits. It's important to understand the implications of when you choose to start receiving benefits, as it can impact the amount you receive each month.

What are the advantages and disadvantages of taking Social Security retirement benefits early, at age 62? Should you delay taking Social Security retirement benefits to age 70? How does taking retirement benefits impact your spouse, dependents and disabled dependents? ACTEC Fellows explain what Americans need to consider in determining when to take their Social Security retirement benefits.