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 ...

You may have heard that there's no one best age to claim Social Security, and that's true. Everyone's situation is unique.

In this case, applying at 62 is better than taking on costly debt. You may receive a smaller lifetime benefit, but the trade ...

Statistically speaking, age 70 is the best age to claim Social Security benefits -- and it's not even close. Yet we continue to see a relatively small percentage of claimants willing to wait until ...

Studies have shown that 70 is usually the best age to claim Social Security. However, that doesn't mean it's the best move in every single circumstance. Christy Bieber. The Motley Fool.

The best age to claim Social Security if you live to 83.6. An American male who turned 62 on March 1 has an average life expectancy of 83.6, according to the Social Security calculator.

In fact, an individual's Social Security benefit is reduced 6.66 percent per year when claiming at age 62-64. For those who delay claiming until 65, benefits are reduced by 5 percent.

If you’re not sure, then 70 may not be the best age to claim Social Security for you. You may decide you’re safer starting to get your money sooner. It pays to get help with this big decision.

The best Social Security claiming age will climb higher over time. There are some important caveats to note in this model. These numbers are for just a single cohort of seniors.

Studies have shown that 70 is usually the best age to claim Social Security. However, that doesn't mean it's the best move in every single circumstance.

Here's what the statistics say is the best age to claim Social Security. A Social Security card with a pen, $100 bill, glasses, and a piece of paper. Image source: Getty Images.

When to claim your Social Security benefits Let's start with the basics. You can start collecting your benefit checks as early as age 62, but doing so will result in smaller checks (though you'll ...