Debating When to Claim Social Security? Independent Experts Agree This Is the Best Age
Despite the data, most people don't follow this approach.
Debating When to Claim Social Security? Independent Experts Agree This Is the Best Age
Overview
When you claim Social Security is an important decision because it'll permanently affect how much you receive in benefits. Your full retirement age is when you're eligible to receive your baseline benefit (called your "primary insurance amount"), but you can claim as early as age 62 or wait until 70.
Everyone's situation is different, so there's no single age that's universally best. However, independent experts have performed research and decided that one Social Security claiming age stands out as the better choice for most people.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
