A Growing Number of Seniors Are Claiming Social Security at This Popular Age. Should You Join Them?

Retirees are forced to balance a tremendous number of factors when it comes to deciding when to claim Social Security benefits. On top of things like how much they've saved for retirement in investment accounts, their health, and their marriage, retirees are now staring down the barrel of potential benefits cuts as Social Security is set to deplete its trust fund in about eight years. That's led a growing number of seniors to claim benefits as soon as possible at age 62, but joining them could be a mistake for many.Despite the current threat to Social Security's solvency, seniors shouldn't be in a rush to claim their benefits. While there are cases when claiming at age 62 makes sense, the majority of retirees will be better off waiting to claim their benefits. Here's what you need to know before basing a decision purely on headlines warning about future benefit cuts.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool