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 ...

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

Dave Ramsey wants Baby Boomers to make an unconventional move when it comes to Social Security. He wants retirees to claim benefits at 62 and invest the money. This is a sharp departure from standard ...

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

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

If your savings are in similar shape, then it may not be the best idea to claim Social Security at 62. Without a lot of savings, you're likely to be more reliant on those benefits to cover your ...

You can start claiming Social Security at age 62, but people born in 1960 or later will reach full retirement age — when they can receive their full benefit — at age 67.

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.

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 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.

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.