Reported 11 months ago
For the past 23 years, Gallup surveys show that between 80-90% of retired workers rely on their Social Security check as a major or minor income source, emphasizing its importance for financial stability. The article explores the key factors, such as work and earnings history, full retirement age, and claiming age, used to calculate Social Security benefits. Statistics reveal that 65.1% of new retired-worker claims in 2022 were made at ages 62, 65, and 66, with factors and considerations discussed for making a smart collection decision based on research findings and optimizing lifetime benefits.
Source: YAHOO