Key Points The earlier you claim Social Security, the smaller your monthly benefit will be.You must wait until 70 to apply if ...

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

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

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

It’s a good thing that Social Security gives seniors choices as to when to claim benefits — at least in theory. But in ...

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

One of the biggest factors impacting your monthly Social Security benefit is when you decide to apply for benefits. Most ...

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

As with all your financial decisions, your Social Security claiming age will affect your partner, though perhaps not in the ...

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

This means it's the age when you can claim your monthly benefits without a reduction. The upside of filing for Social Security at 67 is that you're not waiting an unreasonably long amount of time ...

With a full retirement age of 67, claiming Social Security at 62 means slashing your benefits by about 30%, which is a pretty significant hit. If that's the case, ...