Is Life Too Short to Delay Social Security Benefits?
Social Security is a great source of retirement income for many people. For some, it's their only source. The amount of Social Security benefits you'll receive largely depends on how many years you've worked, how much you earned during your working years, and when you decide to begin receiving your benefits. You can start taking Social Security benefits at age 62, but your baseline benefit amount is based on your full retirement age (FRA), which is determined by the year you were born:
Data source: Social Security Administration
Image source: Getty Images.
Source Fool.com