Social Security: 3 Terrible Reasons to File for Benefits at 67
Millions of seniors rely on Social Security each year, but if you're not careful about when you claim your benefits, you could end up with more financial stress than you bargained for. And while 67 might seem like a good age to file for Social Security, there are certain scenarios where you're better off taking benefits at a different age.
But before we go any further, let's talk about age 67 and its significance in the realm of Social Security. You probably know that your Social Security benefits themselves are based upon the amount you earned during your career, meaning that higher earners get more money out of the program in retirement than lower earners. But what you may not realize is that the age at which you first claim Social Security can impact your ultimate payout.
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Source: Fool.com
