This Is the Average Social Security for Age 62

Few decisions are as important as deciding when you want to claim Social Security as you approach retirement. It's a decision that will permanently affect your monthly benefit, altering how your retirement finances look.The earliest you can claim Social Security is age 62. If you're considering claiming at this age, it's worth noting that the average monthly at this age is $1,341.61, or just below $16,100 annually.Since your career earnings largely determine Social Security benefits, and there's an earnings gap between men and women, there's also a noticeable difference between the average benefits for men and women. The average benefit for men aged 62 is $1,485.76, while the average benefit for women at that age is $1,207.03. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool