Today, 62 million people receive a guaranteed payout from the Social Security Administration (SSA) each and every month, of which 42.6 million are retired workers. Of these retirees, a whopping 62% relies on their monthly check to account for at least half of their monthly income. It's simply that important. However, a worker's claiming decision can dramatically impact how much money they receive each month from the SSA.Image source: Getty Images.Continue reading
Similar Stories to 2 Not-so-crazy Reasons To Claim Social Security Early on Bing News
newsfeedback@fool.com (Sean Williams), The Motley Fool
Mon, 03/19/2018 - 4:21am
BING NEWS:
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Full retirement age, or FRA, is the age when you're entitled to your complete monthly Social Security benefit, based on your individual wage history. That age will hinge on your year of birth. You can ...
05/1/2024 - 10:04 pm | View Link - Why your financial advisor may not give you the best Social Security claiming advice
When to claim Social Security is one of the biggest decisions retirees face. But financial advisors' guidance may be biased, recent research finds.
05/1/2024 - 8:13 am | View Link - More
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