This Is the Average Social Security Benefit for Age 62

American workers who qualify for Social Security benefits can start collecting their monthly payments at any time between the ages of 62 and 70. However, the earlier you start, the lower your benefits will be.In fact, by claiming Social Security at 62, the earliest age possible, your benefits can be reduced by as much as 30% compared with what they would be at full retirement age. On the other hand, if you wait until 70, someone who is 62 years old now would see his or her full retirement benefit permanently increased by 24%.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool