A new study revealed that most Americans should wait until they’re age 70 or older before they start claiming Social Security benefits or they might miss out on thousands of dollars.
A study (pdf) from the National Bureau of Economic Research found that when Social Security beneficiaries claim their benefits too early, they miss out on receiving more than $180,000 overall. People are eligible to receive their Social Security benefits starting at age 62, although the study’s authors say that many should wait until they’re 65 or even 70.
