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

Importantly, the average Social Security benefit tends to increase over time because of inflation and changes in average wages. For instance, the average monthly retired-worker benefit at age 70 is ...

In this case, applying at 62 is better than taking on costly debt. You may receive a smaller lifetime benefit, but the trade ...

Should I collect Social Security at 62? Will I need to file for Medicaid at 65 and which parts? I have lifetime VA ...

If you're at least 62, claiming Social Security is an option you can look at for income. If you look at unemployment data, ...

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

About 23% of people over 50 want to delay their retirements over financial readiness and economic worries, a survey found.

The most popular age for claiming Social Security is 62, the earliest age for which benefits can be received. However, the full retirement age for anyone born in 1960 or later is 67.

In an example provided by the Social Security Administration, a typical American who claims Social Security at 62 could claim a monthly check worth $1,400. By age 70, the benefit rises to $2,480.

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

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

If you're divorced, you can often get Social Security benefits based on your ex-spouse's work record. Know the rules about ...