When to claim Social Security is a hard decision for many retired workers. Eligibility starts at age 62, but there is a trade-off between claiming right away and delaying. Specifically, the earlier ...

There’s a new retirement age for 2026 if you need to collect Social Security Americans approaching retirement face an important decision: when they should claim their benefits James Liddell ...

Claiming Social Security benefits at age 62 may be necessary for some retirees, but the decision shouldn’t be taken lightly. You’ll receive reduced benefits, and it can impact your spouse’s ...

As of May, individual retirement claims are up 13% in the current fiscal year compared to the same period last year, an increase of nearly 320,000 claims, according to the latest Social Security data.

Delaying benefits past your FRA increases them by 2/3 of 1% monthly, or 8% annually, relative to your PIA. These delayed retirement credits will stack up until you reach age 70. But just as your ...

As of May, individual retirement claims are up 13% in the current fiscal year compared to the same period last year, an increase of nearly 320,000 claims, according to the latest Social Security data.

Chart showing Social Security full retirement ages by birth year. Claiming benefits before your FRA reduces them by 5/9 of 1% each month, up to 36 months.

If you decide to first take benefits at full retirement age, which is 67 for anyone born in 1960 or later, you'll get your exact monthly Social Security payment without an increase or a reduction ...

Part of the recent uptick is due to more retirees claiming Social Security benefits earlier, a choice that permanently reduces their monthly checks if done before full retirement age. Jack Smalligan, ...

For each year you wait, until your 70th birthday, your benefits rise 8%. But it's hard to make a smart decision on Social Security when you don't even know what monthly benefit you're in line for.