It may be more than you think.

Retiring at age 62 and filing for Social Security will reduce a person’s lifetime benefits by up to 30% compared to waiting until their full retirement age. However, a person with $2.5 million in a ...

The average retiree collects $851 more per month at age 70 than at 62.

Many people decide to split the difference, waiting until they reach full retirement age before starting Social Security ...

When it comes to Social Security, professional guidance often boils down to just one word: Delay. Processing Content The argument is simple. Delaying claiming Social Security until age 70 maximizes a ...

Filing for Social Security at 62 reduces monthly benefits by 30% compared to full retirement age of 67. Delaying Social Security until 70 increases monthly benefits by 24% above full retirement age.

Financial guru Dave Ramsey thinks it could make sense to file for benefits then. The problem is that filing at 62 reduces your benefits, and many retirees can’t afford that. Follow 24/7 Wall St. on ...

Dear Savvy Senior: What are the most popular ages that people start taking their Social Security retirement benefits? I’m turning 62 this year and trying to decide when to start taking my benefits. — ...

There's a reason so many Americans look forward to turning 62 -- it's the earliest age you can sign up for Social Security. And while filing for benefits at 62 will reduce them in the process, after ...