Social Security: Here's Exactly How Much More You Could Earn at Age 67 Compared to 62

Social Security is critical for millions of older adults, with 43% of baby boomers expecting their benefits to be their primary source of income in retirement, according to a 2024 report from the Transamerica Center for Retirement Studies.Among retired workers, the average benefit across all ages is around $1,925 per month, according to the most recent data released by the Social Security Administration. However, that number varies widely depending on when someone begins claiming benefits. Here's exactly how much more you could expect to receive at age 67 compared to 62.The age at which you file for Social Security will directly affect your benefit amount, sometimes by hundreds of dollars per month.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool