Reported about 1 year ago
The Social Security Administration states that there is no one 'best age' for everyone to claim retirement benefits, but statistics suggest waiting until age 70 to maximize benefits. Starting at 62 incurs a reduction, while waiting until 70 can result in 24% higher benefits. A detailed study found that over 99% of Americans should wait past 65 to claim benefits, with over 90% waiting until 70. However, personal health and priorities may also play a role in deciding when to start receiving benefits.
Source: YAHOO