Social Security is designed so that the average person gets the same amount in total lifetime benefits regardless of whether they claim early at 62 or wait until 70. That means that the size of the monthly Social Security check that hits your bank account is less if you claim when you're younger and more if you claim when you're older....
Better to Know What You’re Up Against
More and more today, we realize a secure path through retirement is riddled with challenges and uncertainty. I believe the best way to beat that uncertainty back is to be cognizant of the challenges ahead and plan accordingly. This is why for me the importance of having a plan in place for retirement can’t be overstated, and that plan must be rooted in reality if it’s going to be of any use....