News

When you've spent four decades or more in the workforce, it's understandable to be drawn to the idea of claiming those ...
Key Points Filing for Social Security at 62 will typically result in a reduced monthly benefit for life.There are some ...
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.
We take a look at how Americans’ year of birth affects their ‘full retirement age’, and how your monthly benefits go up the longer you wait to claim them.
If you're like most people, the earliest you can claim Social Security benefits is age 62. Waiting until later, though, will ...
The resounding advice about filing early for Social Security retirement benefits is pretty unambiguous: Don’t do it. However, ...
Retirees may see an approximate 77% increase to their Social Security benefits by waiting from age 62 to age 70 to claim ...
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.
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 ...
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 ...
If you're in that boat, then claiming Social Security at 62 may not be a bad idea at all. It could even be a good one. It may be that you're hoping to conserve your savings as much as possible, ...