If you're like most Americans, Social Security is going to be a very important source of income when you retire. It's also one of the most flexible sources of retirement income people have access to, with retirees able to start receiving benefits anytime between age 62 (at a reduced monthly benefit) and 70 (at an increased benefit). According to research at Boston College (covered by my colleague Matt Frankel), 62 is by far the most common age for people to claim Social Security.
3 Awful Reasons To Take Social Security Benefits At 62
newsfeedback@fool.com (Jason Hall), The Motley Fool
Sun, 10/08/2017 - 4:32am
BING NEWS:
- How to Undo Claiming Social Security Early
You also get an 8% yearly increase if you delay or suspend receiving benefits. “That's on top of your increase from your higher wage,” Kemp adds. If you’ve claimed Social Security early and are second ...
11/26/2024 - 4:29 am | View Link - 3 Reasons I Absolutely Refuse to Count on Social Security Alone in Retirement, and What I'll Be Doing Instead
Though I expect to receive some benefits when I retire in a few decades, I see Social Security as just a supplement to my other income sources. Here are three reasons why I'm choosing this path ...
11/15/2024 - 11:58 am | View Link - 3 Reasons I'll Be Taking Social Security Long Before Age 70
Waiting may lead to larger monthly payments down the road, but a little less money now might actually do me more overall long-term good.
11/15/2024 - 12:04 am | View Link - 3 Reasons You Can't Bank On Social Security Alone for Your Retirement-and What to Do Instead
Your benefits may be cut in the future. In the coming years, Social Security is expected to owe more money in scheduled benefits than it collects in payroll taxes. That's becau ...
11/12/2024 - 7:29 pm | View Link - More
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