Average Social Security Benefits at Various Ages & The Optimal Claim Age - AMAC & The Motley Fool
Sean Williams provides some exhaustive analysis and research here. Williams notes the four criteria that go into calculating benefit amounts, and he lists average benefits for people aged 62, 67, and 70. One comprehensive study shows that, statistically, one claiming age is the likeliest to maximize lifetime Social Security benefits. Not surprisingly, it is age 70. While it is well known to experts and those who follow Social Security that delaying until then is the key to maximizing benefits, Williams cautions it is not the “right” decision for all. Read his piece here.
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