From Nasdaq: 2025-06-14 16:00:00

Summary:
Your Social Security benefit amount is heavily influenced by your claiming age, which can be as early as 62. However, delaying your claim can increase your benefit by up to 32%, potentially adding thousands of dollars annually to your checks. The decision of when to claim depends on factors like life expectancy and financial situation. While claiming early might be best for some, others may benefit from waiting until full retirement age or even later. Ultimately, the choice is yours, and finding a balance that suits your needs is key to maximizing your Social Security benefits.

Source: Nasdaq, The Motley Fool



Read more at Nasdaq: Social Security at 62, 66, and 70: Understanding the Average Payout