What's the Biggest Social Security Benefit You Can Get Claiming at 62?
The largest possible Social Security benefit is set to climb from $4,194 to $4,555 in 2023. Checks that big could pay for a pretty comfortable retirement, especially when paired with personal savings. But one of the requirements for claiming the maximum benefit is that you must wait until you're 70 to claim.
Signing up earlier shrinks your benefit and if you claim as soon as you become eligible at 62, you'll wind up with a lot less. Here's what you need to know about how the government calculates your benefit and the maximum you can get claiming at 62.
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Source Fool.com
