When should you start Social Security? Here’s what others are doing.
Despite the fact that the longer you wait the more your Social Security check will be, by far the most popular age for claiming Social Security is age 62, as soon as most people are eligible. But by doing so, they are taking a cut in benefits that will last them for the rest of their lives. Understanding the dynamics of how the age you claim affects your benefit amount is paramount to your decision on which age to apply. To help with that decision, this Motley Fool article by Dan Caplinger delves deeply into the affect that claiming age has upon the amount of your benefit, and reveals the demographics of the most popular choices made by others. Click here to read more.
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