What is the right time to claim Social Security? This is actually a much more complicated question than you might imagine.

Dave Ramsey wants Baby Boomers to make an unconventional move when it comes to Social Security. He wants retirees to claim benefits at 62 and invest the money. This is a sharp departure from standard ...

When you've spent four decades or more in the workforce, it's understandable to be drawn to the idea of claiming those ...

The discrepancy between how much you can receive from Social Security at each age is amplified when you look at the maximum ...

When Tracy from Billings, Montana called into "The Ramsey Show," he was looking for advice. What he got was a full-blown Social Security takedown. "I'm 61 years old, and I keep getting these letters ...

Claiming Social Security at 62 Isn't the Risky Move You Might Think It Is. Here's Why. When it comes to collecting Social Security, you get a choice of when to sign up. The earliest age to take ...

Deciding when to claim Social Security benefits is crucial for retirement planning. The age at which you start affects your monthly income significantly. Understanding the differences between claiming ...

Importantly, the average Social Security benefit tends to increase over time because of inflation and changes in average ...

One of the most popular ages to claim Social Security is also the earliest: 62. It's easy to understand why so many people apply right away. The sooner you sign up, the more months of checks you ...

In an example provided by the Social Security Administration, a typical American who claims Social Security at 62 could claim a monthly check worth $1,400. By age 70, the benefit rises to $2,480.

Claiming benefits at age 62 means a permanent 30% reduction in monthly payments. In two short years, the oldest members of ...

But remember, claiming Social Security at 62 results in smaller monthly payments on a permanent basis. If you're going to sign yourself up for less monthly income, you might as well get all of it.