Plan on Social Security at 62? Here's Why You Ought to Wait Even a Few Years Longer
Social Security provides valuable retirement income in retirement, but you might be surprised by how little you're going to get if you claim early at age 62. If you want to get the most out of Social Security, waiting for even a few years longer really pays off.
Social Security income in retirement isn't very high, and if you claim early, it's painfully little. The average retiring worker awarded Social Security in September 2017 will only haul in $1,234 per month in benefits, or $14,808 per year, and the average 62-year-old is collecting only $1,077 per month in 2017, or $12,924.
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Source: Fool.com
