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Workers who qualify for Social Security retirement benefits can choose to apply at any point between the ages of 62 and 70.
While 62 may be the statistically optimal age to claim normal retirement benefits for lower-earning spouses, it often makes ...
One claiming age in particular has consistently proven optimal for a majority of retired workers. Nearly three out of five retired workers can maximize their lifetime Social Security benefit by ...
For most people, the optimal age to claim Social Security is 70. A study from United Income found that the majority of retirees would end up with more lifetime income if they delayed their ...
The Social Security Administration produced a long article with some nice charts. Retirees can use the chart to estimate when they would want to claim benefits if they know the discount rate and ...
Statistics say there's one best age to claim Social Security. The earliest you can claim Social Security retirement benefits is age 62. Why shouldn't everyone begin collecting benefits as soon as ...
Some people will tell you that 70 is the best age to take Social Security because it gives you the most amount of money on a monthly basis. But what you may not realize is that a claim at age 70 ...
And statistics say there is an optimal age for most people to claim Social Security. In 2022, the National Bureau of Economic Research (NBER) published a paper by three economists: David Altig ...
If you want to know the best age to claim Social Security benefits, there's only one thing you need to predict: your life expectancy. As morbid as it may be, if you know exactly when you'll pass ...
Given these individual considerations, it's fair to say there's no best claiming age for everyone. But a recent National Bureau of Economic Research (NBER) survey suggests there is one age that's ...