Why Claiming Social Security at 65 Is a Smart Bet
When should you sign up for Social Security? It's a good question. Many seniors grapple with that decision, and understandably so, since the age at which you claim benefits will dictate how much money you'll receive each month during retirement.
Your monthly benefit is actually calculated based on your average monthly wages, indexed for inflation, over the course of your 35 highest-paid years in the workforce, and you'll get that precise sum if you file for Social Security at your exact full retirement age (FRA). That age isn't the same for everyone -- it's based on the year you were born:
If This Is Your Birth Year:
Source Fool.com
