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How to live comfortably on a social security income

Espresso Logo By Alan Jones of Espresso | Slide 2 of 21: Americans can start taking social security payouts when they turn 62 (and Canadians can start drawing on Canada Pension Plan payments at 60), but the earlier you take government assistance, the lower the payments. In many jurisdictions, including the United States and Canada, the payments grow the longer you wait.

Delay taking social security

Americans can start taking social security payouts when they turn 62 (and Canadians can start drawing on Canada Pension Plan payments at 60), but the earlier you take government assistance, the lower the payments. In many jurisdictions, including the United States and Canada, the payments grow the longer you wait.

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