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Image source: Getty Images. 1. Understand how your claiming age affects your benefits. The government bases your Social Security benefits on your income during your working years and your age at ...
The best way to avoid having regrets about claiming Social Security early is to get the highest possible benefit you can. The SSA uses a complex formula that takes into account your 35 highest ...
Here are some reasons to claim your benefits early: It may be a wash: The Social Security system is designed so you'll get roughly the same in total benefits no matter when you start receiving ...
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.
Pros and Cons of Claiming Social Security Early. The main advantage of filing for Social Security early is that you’ll have access to retirement funds sooner. This can be a boon to individuals ...
But in case you don't claim Social Security at exactly one of the milestone ages listed on your statement, here are the rules: If you claim Social Security early, your benefit will be permanently ...