The Unfortunate Truth About Claiming Social Security at Age 67

The age you claim Social Security could be one of the most significant decisions of your retirement plan. Most people become eligible for benefits at age 62, and it remains the most popular age for retirees to claim benefits. But you can increase your monthly payment every month you decide to delay benefits up until age 70. Still, fewer than 10% of retirees wait that long before starting Social Security.Many people decide to split the difference, waiting until they reach full retirement age before starting Social Security payments. The full retirement age for most readers is 67, although those born before 1960 reached (or will reach) that milestone a bit earlier.While waiting until 67 may seem like a great compromise, it's not the best age for many people to claim Social Security. Here's the unfortunate truth.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool