Reported about 1 month ago
This article discusses the average monthly Social Security benefits for retirees who claim at ages 62, 67, and 70, highlighting how claiming early at 62 can reduce benefits by 30%, while delaying until 70 can increase them by about 24%. The average benefits at these ages are $1,275, $1,845, and $1,963 respectively for all retirees, indicating the necessity of additional retirement savings for a comfortable retirement.
Source: YAHOO