Locking in guaranteed payments early can be appealing, but retirees should carefully consider the long-term impact.

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

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

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

Finance guru Dave Ramsey has a contrary take on several common financial issues. For one thing, he says your credit score ...

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 is often dismissed as a mistake, but for some retirees, it can be a strategic decision that enhances their retirement lifestyle.

Retirees can claim Social Security between the ages of 62 and 70. Arguably the biggest decision retirees will make when it ...

There are some scenarios where claiming benefits early makes sense. It's easy to see why the idea of claiming Social Security at 62 might appeal to you. It's for this reason that seniors are often ...

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

We take a look at how Americans’ year of birth affects their ‘full retirement age’, and how your monthly benefits go up the ...