One of the most important things to know about your Social Security benefits is that the longer you wait to start collecting ...

While the two studies above indicate that waiting longer results in a higher lifetime benefit, actual data shows more people ...

A record number of Americans are turning 65 each year through 2027. However, that’s not quite old enough to receive full Social Security benefits. In 1983, Congress passed a law gradually ...

As 2025 approaches, the Social Security Administration (SSA) has updated the age requirements to qualify for 100% of ...

By collecting Social Security benefits early, you can allow more of your investments to grow longer. However, they would have to grow by an average of 8% a year just to break even.

For an overwhelming majority of retirees, Social Security is more than just a monthly check they'll receive. It represents a financial foundation that would be challenging to live without. In 2023 ...

Chart by author. Data source: Centers for Retirement Research at Boston College via Social Security Administration. Data is from 2013. As you can see from the chart above, almost half of all women ...

The median age at which people actually start collecting Social Security is 64, though most plan to wait until 65. 35% of retirees leave the workforce earlier than expected due to health issues or ...

Social Security payments can be collected beginning at age 62, and can be delayed until age 70. Find out the age when you can receive the biggest check.

This is another relatively unpopular age to begin collecting Social Security benefits – just 6.7% of men and 7.3% of women started collecting at age 64 in 2022. That $1,000 payment would drop to ...

"Don't just call Social Security and apply at age 62. Everybody has options. A married couple could receive $1 to $1.5 million in benefits over their lifetime.

More than 90% should wait to claim Social Security until age 70. To be sure, most people don't wait until age 70 to collect their retirement benefits. Altig, Kotlikoff, and Ye noted that only 10.2 ...