This means that for many people, it's worth the wait. That said, waiting to collect isn't the right move ... age at which the cumulative amount of money you may receive if you file later equals ...

If you qualify for Social Security retirement benefits you can sign up to begin getting them any time after age 62. While it may sound appealing to start collecting the money as soon as possible ...

This gets complicated - hang in there. The government makes you wait until "full retirement age" in order to start collecting the full retirement payout that you've earned. So what's full ...

The longer you wait to collect benefits ... You'll receive more money each month and you'll have more time to save for retirement. Also, if you choose to retire early, your benefits will be ...

Your benefits payment goes up 8% for every year after full retirement age that you delay collecting payments ... you'd just be throwing money away.

If waiting to claim Social Security will create a financial hardship, you may not feel better at all. But Hathai points out that “from a money perspective ... Waiting to collect Social Security ...

And while you can sign up for spousal benefits as early as age 62, if you don't wait until your full retirement ... claim Social Security first, collect your money, and then get bumped up to ...