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 ...

When you’re nearing retirement age, the decisions you make regarding your Social Security benefits are going to shape your ...

For this reason, some seniors are advised to wait on claiming Social Security.But here's why you may want to file at 62, despite the reduction that ensues. When your benefits are really just bonus ...

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

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.

If so, claiming at 62 might be a smart choice. The explanation for this brings us to our next topic: financial trade-offs associated with claiming Social Security at 62 versus 67. Financial trade-offs ...

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 ...

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

The decision of when to file for Social Security benefits is crucial for many retirees as it directly impacts their financial ...

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.