While the two studies above indicate that waiting longer results in a higher lifetime benefit, actual data shows more people ...

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

Importantly, the average Social Security benefit tends to increase over time because of inflation and changes in average ...

Key Points Filing for Social Security at 62 will typically result in a reduced monthly benefit for life.There are some ...

We take a look at how Americans’ year of birth affects their ‘full retirement age’, and how your monthly benefits go up the ...

Age 62 tends to be a popular time to claim Social Security because it's the soonest seniors are allowed to get their benefits ...

Consider your particular situation when deciding whether or not claiming Social Security at 62 makes sense for you. If you’re one of the over 4 Million Americans retiring this year, pay attention.

Simply put, if you signed up for Social Security at 62 but regret it after the fact, you can undo your filing and claim benefits again at a later age, thereby increasing them. But there’s a catch.

The resounding advice about filing early for Social Security retirement benefits is pretty unambiguous: Don’t do it. However, if you can’t delay — due to immediate cash flow needs — or don’t want to ...

Claiming early will reduce your benefits by up to 30% (if you have an FRA of 67 and claim at 62), but if you can survive on smaller checks, it might be a good idea.

To 'beat' Social Security, you'd have to play a risky game. If you claim the benefit at 62, you would have an eight-year head start over someone who collects their first check at 70.

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 ...