The No. 1 Reason to Claim Social Security at Age 62

If you've done any research into the matter at all, then you're almost certainly familiar with the merits of waiting until you turn 70 years old to file for Social Security retirement benefits. That's when your payments reach their maximum possible level.Indeed, for today's retirees, waiting until you're 70 to claim these benefits adds on the order of one-fourth more than you'd be getting every month if you filed at your official full retirement age of between 66 and 67 (depending on the year in which you were born).To say there's no good reason to file for Social Security benefits at the earliest possible age of 62, however, just isn't accurate, even if doing so results in considerably smaller payments of up to 30% less than what you'd get by holding off until your full retirement age.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool