This Is the Average Social Security Benefit for Age 62

As you near retirement, one of the more important decisions you will make is when to claim Social Security benefits. It's a decision that will affect how much you receive monthly, so you don't want to just gloss over it, like people tend to do with terms and conditions.The earliest you can claim Social Security benefits is 62, but doing so could reduce your monthly benefit by up to 30% (for those whose full retirement age is 67). That said, many people would rather have lower monthly benefits for a longer period than higher monthly benefits for a shorter period.If you're considering claiming Social Security at 62, knowing the average monthly benefit could help give you an idea of what you could expect to receive.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool