Some additional types of unemployment that are occasionally mentioned are seasonal unemployment, hardcore unemployment, and hidden unemployment. Though there have been several definitions of voluntary and involuntary unemployment in the economics literature, a simple distinction is often applied.
So the first step is to go to the Social Security Administration's Web site and find out when youâre entitled to full benefits. For those born between 1943 and 1954, for example, you can start collecting benefits at age 62, but youâll only get 75 percent of what youâd get if you wait until youâre 66.
With Social Security, you never run out of money. Tom Sightings For many of us â people born between 1943 and 1954 â the regular retirement age is 66. You're eligible for Social Security as early as age 62, but you suffer a penalty if you start then.You can also delay taking benefits until 70, and then you get a bonus. Tom Sightings. The penalty for taking Social Security early is around 7 percent a year, and the bonus for delaying is also about 7 percent a year.If your benefit at age 66 is figured at the average of $1,268 a month, then you'll only receive about $1,180 per month if you sign up at age 65.ith Social Security, you never run out of money. Tom Sightings For many of us â people born between 1943 and 1954 â the regular retirement age is 66. You're eligible for Social Security as early as age 62, but you suffer a penalty if you start then.