Here Are the Most Popular Ages to Claim Social Security and Their Average Monthly Benefits

One of the biggest decisions you'll make in retirement is when to claim Social Security. Claiming early gives you more years to collect a monthly benefit. Waiting until later means you'll eventually receive a bigger check every month.While common personal finance advice is to wait as long as possible to claim Social Security benefits, few retirees wait till age 70, when your monthly benefits max out. In many cases, those early claimers are justified in their decision, especially as dual-income households face a much less cut-and-dried decision.Looking at what other people decide may help you make a better decision about what's best for your situation. Here are the most popular claiming ages for retirement benefits, based on the most recent data from the Social Security Administration.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool