Untangling Social Security: Is 62, 67, or 70 the Best Age to Claim?

One of the most important decisions you'll make in retirement planning is when to start collecting Social Security.Most people become eligible for Social Security retirement benefits at age 62, and many waste no time when it comes to start collecting their monthly checks from the government. But that comes with a significant downside: Claiming early means a smaller check.In fact, most people will receive just 56% of what they could have eventually collected if they had waited all the way until age 70 instead, when benefits max out. Nearly as many retirees opt to split the difference and wait until their full retirement age. That will be age 67 for anyone born in 1960 or later.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool