Is It Better to Collect Social Security at 62, 67, or 70? A Broad-Based Statistical Analysis Provides a Decisive Answer.

Every month, more than 53 million retired workers receive a Social Security check. For an overwhelming majority of these beneficiaries -- 80% to 90%, based on 24 years of annual surveys from national pollster Gallup -- their payout is needed, in some capacity, to make ends meet. For most aged beneficiaries, it's an absolute necessity to get as much as possible out of America's leading retirement program. But in order to do so, retirees first need to understand the ins and outs of how their Social Security benefit is calculated. Only then can future generations of retired-worker beneficiaries determine whether collecting benefits early (age 62), taking a middle-ground approach (age 67), or opting for a late-claims approach (age 70) makes the most financial sense.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool