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Claiming Social Security: Will 2021 Be Your Year?


Over 3.5 million people will turn 62 and become newly eligible for Social Security in 2021, and plenty of other 60-somethings who haven't begun claiming yet will have to decide if it's the right time to start benefits. It's not exactly a straightforward decision, so here are a few questions you may want to ask yourself before making up your mind.

You can't claim Social Security retirement benefits until you reach 62, so you must have been born in 1959 or earlier in order to claim benefits in 2021. But it's not quite as simple as just making sure you're eligible. The age you begin benefits affects how much you receive per check.

Image source: Getty Images.

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Source Fool.com


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