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.

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 ...

Deciding when to start receiving Social Security benefits is crucial in retirement planning. While waiting until full retirement age or even 70 can increase monthly payments, there are specific ...

While every year you wait to claim Social Security after 62 will increase your checks, waiting may not be the right decision for millions of Americans. Having more than one source of income can ...

The best reason to claim Social Security at age 62 is to make sure that your savings don't run out if you're unable to work.

Necessity is the most common reason Americans claim Social Security sooner rather than later. However, not everyone who makes a claim at 62 does so because they don't have options.

Second, if you decide to continue working while claiming Social Security at 62, any reduction in payouts due to continued earnings is not permanent.

Retirees can significantly increase their Social Security benefit by claiming at age 70 rather than age 62.

Question: I’m 62 and worried about Social Security’s future, especially given that it is projected to pay me less than I expected in just a few years. Should I take it early?

Retirees may see an approximate 77% increase to their Social Security benefits by waiting from age 62 to age 70 to claim benefits, according to new research.