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Turning 62 is a big milestone. For many, it marks the end of a decades-long career. It also signals eligibility for Social Security benefits, a primary source of income for a lot of retirees.
As for timing your Social Security benefits: This topic was addressed in a Dec. 4 Forbes column written by Jerry Patterson, president of Fidelity Investments Life Insurance Company. He found that ...
Image source: Getty Images. 1. The cost-of-living adjustment. Seniors get a bump in their Social Security benefit every year called the cost-of-living adjustment ().The 2025 COLA of 2.5% was ...
Applying for Social Security benefits can actually be a relatively simple process. But if you want to get your benefits at a specific time, you’ll have to plan ahead, since the lead time can be ...
Image source: Getty Images. 1. Social Security benefits are rising by 2.5%. Each year, Social Security benefits are eligible for an automatic cost-of-living adjustment, or COLA.
An average of almost 67 million people will receive Social Security benefits in 2023, according to the Social Security Administration (SSA). It's one of the most popular initiatives in America and ...
That being said, there's actually a case to be made for claiming Social Security benefits well before you turn 70. I'm thinking about doing so as early as I possibly can, in fact.
The question of when to apply for Social Security benefits runs much deeper than following a simple timeline, however. If you claim your benefits early, at age 62, you’re locking in a permanent ...