Today on Boston Public Radio: Despite small gains here and there, unemployment in the U.S. continues to hover around 8 percent. For most people who are out of work, there are two basic options: Find a job or collect unemployment benefits. But for a significant — and growing — segment of the population, there is a third choice: retire and start collecting Social Security.

It’s an option that more and more older workers are choosing, but it’s one that comes with consequences.

Callie Crossley sits down with our personal finance expert Sheryl Marshall to help us understand those consequences and offer some advice for the unemployed — and the employed — who are trying to decide when to start taking Social Security  benefits. 

Sheryl Marshall, financial consultant  


If you're curious about how it all got started, here's President Franklin Roosevelt signing the Social Security Act into law in August, 1935.