What is the right time to claim Social Security? This is actually a much more complicated question than you might imagine.

The discrepancy between how much you can receive from Social Security at each age is amplified when you look at the maximum ...

Claiming Social Security at 62 is often dismissed as a mistake, but for some retirees, it can be a strategic decision that enhances their retirement lifestyle.

Finance guru Dave Ramsey has a contrary take on several common financial issues. For one thing, he says your credit score ...

When you've spent four decades or more in the workforce, it's understandable to be drawn to the idea of claiming those ...

Deciding when to claim Social Security benefits is crucial for retirement planning. The age at which you start affects your ...

Claiming Social Security at 62 might reduce your benefits on a monthly basis. But an early filing won't automatically guarantee that you'll get less money in your lifetime. If your health is poor, and ...

In an example provided by the Social Security Administration, a typical American who claims Social Security at 62 could claim a monthly check worth $1,400. By age 70, the benefit rises to $2,480.

The most popular age for claiming Social Security is 62, the earliest age for which benefits can be received. However, the full retirement age for anyone born in 1960 or later is 67.

Claiming Social Security at 62 means subjecting yourself to the maximum reduction in benefits you can face. If your FRA is 66, filing at 62 will constitute a 25% hit to your benefits.

One of the most popular ages to claim Social Security is also the earliest: 62. It's easy to understand why so many people apply right away. The sooner you sign up, the more months of checks you ...

Claiming benefits at age 62 means a permanent 30% reduction in monthly payments. In two short years, the oldest members of ...