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Many millions of people claim their benefits too early and thereby leave trillions of dollars in potential total Social Security benefits on the table -- an average of $111,000 per household.
Statistically speaking, therefore, the best age to claim Social Security retirement benefits is the maximum age of 70, not the earliest age of 62 or the full retirement age (FRA) of 67 for anyone ...
Image source: Getty Images. When to claim your Social Security benefits. Let's start with the basics. You can start collecting your benefit checks as early as age 62, but doing so will result in ...
The average 65-year-old claiming Social Security for the first time in 2022 received $1,874.56 per month. ... The best age for you to claim Social Security retirement benefits will depend on your ...
Here's what the statistics say is the best age to claim Social Security. A Social Security card with a pen, $100 bill, glasses, and a piece of paper. Image source: Getty Images.
You may have heard that there's no one best age to claim Social Security, and that's true. Factors like your life expectancy and your financial situation determine which claiming age provides you ...
Researchers found that 91.6% of workers would receive the largest lifetime benefit by filing at age 70, and a staggering 99.4% would collect more in total by waiting until after age 65 to begin ...
Even delaying your Social Security claim by one month could raise a $1,915 benefit by $8 to $13 per month. And that bump is permanent. Over 20 years, that adds up to $1,920 to $3,120 in extra ...