Considering Early Retirement? Mellody Hobson's Tips for Social Security Benefits

Learn how best to access your Social Security benefits.

BySUZAN CLARKE via via logo
April 20, 2010, 10:23 PM

Aug. 18, 2010— -- More and more people are choosing to retire early, and they're dipping into their Social Security benefits.

The 75-year-old program is facing a rare shortfall because so many people took their benefits in 2009. Thanks to widespread unemployment and a down economy, many baby boomers are finding it hard to get by without that extra income.

This morning on "Good Morning America" you saw personal finance expert Mellody Hobson discussing the issue.

Hobson, who is president of Ariel Investments, talked about the pros and cons of early retirement.

She also gave the following Web-only extra tips:

Mellody's Extra Tips

Click here to return to the "Good Morning America" website.

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