Social Security: Timing Your Claims
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Social Security claiming ages: The average age to claim Social Security is 65, with a slight increase to 65.2 by 2024. Claiming early at 62 results in a 30% reduction if your full age is 67. Waiting longer boosts monthly payments, up to 70 for the maximum benefit. Married couples should consider survivor benefits. Personal finances and health should guide the decision between 62 and 70.
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