Key Points Claiming Social Security at age 62 reduces your benefit by up to 30%.The average 62-year-old claimer got $1,341.61 ...

The more Social Security you get each month in retirement, the more long-term stability you might enjoy. There are moves you ...

While Vanguard's newly released "How America Saves" yearly report reveals that Americans' 401 (k) savings rates are at record ...

You might also reevaluate your budget to trim spending and ramp up savings, as well as commit any windfalls, such as your tax refund, to your retirement account. If you are having a hard time finding ...

Less than 3% of Americans have $1 million in retirement accounts, far fewer than most people expect. Here's what the data ...

Although the average retirement age is 62, according to a 2024 Mass Mutual survey, it can be hard to accurately predict when you will retire. In 2025, more than 4.1 million Americans will turn 65.

By age 62, you may be ready to count down until your retirement kicks off. And if you’ve got a nice amount of money saved, you may be feeling confident about your senior years. But what if you ...

If you want to do your own calculations, you can check your estimated benefit at different ages with your Social Security Administration account.

The average benefit at age 70 is around $2,038 per month -- a whopping $740 more per month than the average at 62. If money is going to be tight in retirement, delaying claiming can make your ...

There aren't many social programs in the U.S. that have had as much of a positive impact as Social Security retirement benefits. Since 1961, the earliest anyone can claim Social Security ...

According to the most recent data from the Social Security Administration released in December 2024, the average benefit at age 62 is $1,341.61 per month. ... behind on your retirement savings.