What's the Best Age to Take Social Security? Research Shows There's a Clear Answer -- but There's a Catch.
The age you begin taking Social Security will have a major impact on your retirement, as it will determine your monthly benefit amount for the rest of your life.
To receive the full benefit you're entitled to based on your work history, you'll need to file at your full retirement age (FRA). This age depends on your birth year, but it's 67 years old for anyone born in 1960 or later. If you file before or after that age (as early as 62 or as late as 70), you'll receive an adjusted payment.
But what's the best age to take Social Security? Research suggests that most people would benefit from filing at a particular time, but it's not as clear-cut as it might seem.
Source Fool.com
