What's the Worst Age to Start Taking Social Security? Here's What the Research Says.
The age at which you begin claiming Social Security will affect your monthly income for the rest of your life, so it's important to take this decision seriously. You generally only get one chance to file for benefits, and if you regret your choice, there's not much you can do about it.
But it can be tough to decide on the right age to file. There's no single correct time to begin taking benefits, and the right age for you will depend on your retirement goals, finances, overall health, and other factors.
That said, a comprehensive study shows that for the majority of retirees, there's an ideal and less-than-ideal age to take benefits. Here's what the data says about the worst time to claim -- and how much money you could be missing out on.
Source Fool.com
