Finance guru Dave Ramsey has a contrary take on several common financial issues. For one thing, he says your credit score ...

When you’re nearing retirement age, the decisions you make regarding your Social Security benefits are going to shape your ...

When you've spent four decades or more in the workforce, it's understandable to be drawn to the idea of claiming those ...

Key Points Filing for Social Security at 62 will typically result in a reduced monthly benefit for life.There are some ...

Deciding when to claim Social Security benefits is crucial for retirement planning. The age at which you start affects your ...

Importantly, the average Social Security benefit tends to increase over time because of inflation and changes in average ...

While the two studies above indicate that waiting longer results in a higher lifetime benefit, actual data shows more people ...

One of the most popular ages to claim Social Security is also the earliest: 62. It's easy to understand why so many people apply right away. The sooner you sign up, the more months of checks you ...

Claiming Social Security at 62 means subjecting yourself to the maximum reduction in benefits you can face. If your FRA is 66, filing at 62 will constitute a 25% hit to your benefits.

To 'beat' Social Security, you'd have to play a risky game. If you claim the benefit at 62, you would have an eight-year head start over someone who collects their first check at 70.

Claiming benefits at age 62 means a permanent 30% reduction in monthly payments. In two short years, the oldest members of ...

If so, claiming at 62 might be a smart choice. The explanation for this brings us to our next topic: financial trade-offs associated with claiming Social Security at 62 versus 67. Financial trade-offs ...