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On the other hand, while only a small percentage of retired workers waited until age 70 to begin receiving their Social Security benefit, this would have been optimal for an astounding 57% of the ...
Age 66: Social Security's true middle ground was the second-most-popular claiming age in 2022 (24.7% of new claimants, excluding disability conversions). By patiently waiting four years post ...
Know, though, that the average benefit for those aged 70 was $1,963 as of December 2022, as per the most recent data provided by the Social Security Administration. That's about $23,500 per year ...
At age 70, the average benefit among retired workers is $2,037.54 per month, according to December 2023 data from the Social Security Administration. Compared to those who filed earlier, that's a ...
Workers who qualify for Social Security benefits can start collecting their monthly payments at any point between the ages of 62 and 70. The simple answer is that the average 70-year-old retired ...
Image source: Getty Images. There is, indeed, a statistically superior claiming age. Based on the sizable gap in average retired-worker benefits between ages 62 and 70, you might be wondering ...
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