Research Shows This Is the Best Age to Take Social Security -- but There's a Catch
Choosing when to start taking Social Security is a major decision that will impact your monthly income for the rest of your life.
You can file for benefits any time after you turn 62 years old, but for every month you wait, you'll earn slightly larger checks. Wait until age 70 to file, and you'll receive your full benefit amount plus at least 24% extra every month for the rest of your life.
There are pros and cons to claiming at each age, but research shows there's a clear winner when it comes to making the most of your money. However, there is an important catch.
Source Fool.com
