New CDC Data Shows the Best Age to Claim Social Security for the Average Retiree

Social Security is the biggest source of income for most retirees. Roughly half of American households with someone age 65 or older receive at least 50% of their annual income from Social Security, according to data collected by the Social Security Administration. So, maximizing that income source may be one of the most valuable retirement strategies.If you want to ensure you receive the maximum amount possible from Social Security during your lifetime, it's simple. You just need to know how much longer you'll live. But assuming your crystal ball is broken, you can use the next best thing: life expectancy projections from the CDC.The most recent update from the CDC provides data that clearly favors a specific claiming age for the average retiree. Here's exactly who should follow it and when you should make exceptions.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool