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

Claiming as early as possible will give you the most checks, but you have to prepare yourself for drawbacks too.

When you've spent four decades or more in the workforce, it's understandable to be drawn to the idea of claiming those monthly checks at 62.

Dave Ramsey wants Baby Boomers to make an unconventional move when it comes to Social Security. He wants retirees to claim ...

Claiming Social Security at 62 Isn't the Risky Move You Might Think It Is. Here's Why. When it comes to collecting Social Security, you get a choice of when to sign up. The earliest age to take ...

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

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 scenarios where claiming benefits early makes sense. Run the numbers carefully ...

Continue » Image source: Getty Images. Three of the most common ages to claim Social Security for workers today are 62, 67, and 70. But clearly, that's a pretty big range.

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

You don't become eligible for Social Security until you're 62 for the entire month. The earlier you claim Social Security, ...

Claiming at 62 might be your only option if you lack personal savings. You've thought about claiming Social Security at 62, but you've heard about the early claiming penalty that can shrink your ...