3 Important Considerations for Deciding When to Claim Social Security
Before you file for your Social Security retirement benefits, take into consideration a few factors. While you can start receiving Social Security checks at age 62, you may be able to get more money out of the government program by delaying to as late as 70 years old.
Here are three big factors to consider when deciding when to claim Social Security benefits.
Social Security will increase your monthly benefit every year you delay collecting, but then you'll receive benefits for one fewer year. The delayed retirement credits are made in such a way that you'll end up collecting roughly the same total amount if you live the average life expectancy.
Source Fool.com
