Should You Take Social Security at Age 62, 65, or 70? A Thorough Study Offers an Undeniably Huge Clue
No social program ensures the financial well-being of America's aging workforce more than Social Security. According to recently updated estimates from the Centers on Budget and Policy Priorities, America's top retirement program lifts almost 22.7 million people out of poverty each year, including 16.5 million adults aged 65 and over. It's also singlehandedly reduced the elderly poverty rate by roughly three-quarters, compared to what it would be if Social Security didn't exist.
Considering how important Social Security benefits are to the financial foundation of our nation's retirees, it's imperative that you get as much as you can out of the program. But in order to maximize what you'll receive, you'll first need to be aware of the variables that affect your monthly Social Security check, including the age you begin taking benefits.
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Source Fool.com
