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

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

When you’re nearing retirement age, the decisions you make regarding your Social Security benefits are going to shape your ...

Key Points Filing for Social Security at 62 will typically result in a reduced monthly benefit for life.There are some ...

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

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

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

We take a look at how Americans’ year of birth affects their ‘full retirement age’, and how your monthly benefits go up the ...

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.

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

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 ...

But remember, claiming Social Security at 62 results in smaller monthly payments on a permanent basis. If you're going to sign yourself up for less monthly income, you might as well get all of it.