Should You Claim Social Security at 62, 67, or 70? Here's How to Know.
There's a good chance Social Security will be a big part of your retirement income picture. Hopefully, you won't have to live on your monthly benefits alone. But it wouldn't be unusual for those benefits to be essential to your ability to cover your expenses.That's why it's so important to choose the right Social Security filing age. Though your monthly benefits are calculated based on your earnings history, the age you choose to start benefits at will dictate how much monthly income the program gives you.Image source: Getty Images.Continue reading
There's a good chance Social Security will be a big part of your retirement income picture. Hopefully, you won't have to live on your monthly benefits alone. But it wouldn't be unusual for those benefits to be essential to your ability to cover your expenses.
That's why it's so important to choose the right Social Security filing age. Though your monthly benefits are calculated based on your earnings history, the age you choose to start benefits at will dictate how much monthly income the program gives you.
Image source: Getty Images.
