Retirement checklist for Boomers
When should you claim Social Security?
Although people are eligible to claim Social Security retirement benefits starting at age 62, it doesn’t mean they should. Collecting early means permanently reducing your benefits by 25% or more. Married couples, and even some divorced and widowed spouses, have several options in deciding when and how to claim their Social Security benefits. The right decision can increase your income by thousands of dollar per year and tens of thousands of dollars over your lifetime.