Many Americans are taking Social Security early, but is that wise? It depends. Here's what to know when deciding when to claim Social Security.

The problem with the “basic math” behind delaying Social Security is that it often overlooks longevity risk. While it’s true ...

Here are the five key money moves you can make at age 62, beyond starting Social Security.

Social Security's full retirement age for people born in 1960 or later is 67. If you claim benefits at 62, you'll reduce those monthly payments by about 30% on a permanent basis.

All financial plans are important, but Social Security benefits during retirement years play a profound role in preventing ...

The average monthly Social Security benefit works out to just under $16,100 annually. There's over a $250 difference in the average benefit between men and women at age 62. Claiming benefits at 62 ...

Ages 62 and 70 are two of the more important ages in Social Security because of their implications. Age 62 is the earliest age at which anyone can claim Social Security benefits. However, claiming at ...

When retirement planning with a spouse, you may be banking on the fact that both of you will collect your Social Security payments, thus increasing the amount of benefits you’ll collectively get. What ...

Few decisions are as important as deciding when you want to claim Social Security as you approach retirement. It's a decision that will permanently affect your monthly benefit, altering how your ...

According to the Social Security Administration (SSA), the Social Security program will pay out around $1.6 trillion in benefits to roughly 72 million beneficiaries this year. The bulk of these ...