For example, if your full retirement age is 67 and your expected monthly benefit is $2,000, taking benefits at 62 could reduce your payout by up to 30%, meaning you would receive only $1,400 per ...

Since 62 is the earliest age to claim Social Security retirement benefits, it appeals to those looking to leave the workforce sooner. However, retiring at this age means planning for potentially 25 to ...

Since 62 is the earliest age to claim Social Security retirement benefits, it appeals to those looking to leave the workforce sooner. However, retiring at this age means planning for potentially ...

I try to address some of the questions that have been raised during these unusual times for federal retirement planning and ...

For context, the average benefit at age 67 is $1,929.73 per month. At age 70, that average is $2,148.12 per month. In other ...

proponent or someone just looking to retire a bit early at age 62, you’ll need to prepare for your years in retirement. And that means carefully considering more than just your income ...

Finance expert Dave Ramsey has made his position on Social Security clear. He believes that you should claim your benefits at ...

Those retiring at 62 (the earliest you can claim Social Security) will need to save more to compensate for an additional five years without income. On the other hand, those retiring at 70 probably ...

Retiring at 62 would reduce that by 30% to $1,255. So we assume a $1,255 Social Security payment and a $745 pension.