A Majority of Americans Don’t Know When You Can Start Claiming Benefits
Do you know when you can start claiming benefits? According to a recent survey, younger people are less aware as to when they can start claiming benefits than older people, but even seniors get confused sometimes.
This is alarming because knowing when you CAN retire may have a huge impact on your finances. The more you know, the better you can plan and work towards your retirement goals, whether it be saving aggressively or taking it slow a few years before you decide to leave the workforce.
You are eligible to collect benefits at 62, but you may want to postpone that depending on your plans and how much you’ve managed to save so far. For those that want to retire early, it’s also crucial to know this in order to budget accordingly so that their savings can stretch for as long as possible.
