Social Security at Age 65: 3 Claiming Scenarios That Make Sense
As of September, more than 61 million people were receiving Social Security benefits each month -- 68% of which were retired workers. For a majority of these retirees, Social Security accounts for more than half of their monthly income, making it arguably America's most vital program.
For seniors, there's perhaps no decision more important than when they decide to claim Social Security benefits. Yes, your work history and earnings history do play a critical role in what you'll be paid in retirement benefits from the Social Security Administration (SSA), but your claiming decision could dramatically move the needle on what you'll eventually take home.
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Source: Fool.com
