Financial guru Dave Ramsey thinks it could make sense to file for benefits then. The problem is that filing at 62 reduces your benefits, and many retirees can’t afford that. Follow 24/7 Wall St. on ...

Dave Ramsey advocates claiming Social Security at 62. Suze Orman recommends waiting until 70 for boosted checks. Both of these strategies can be considered extreme, so you may want a filing age that’s ...

Dave Ramsey advises claiming Social Security at 62 and investing the payments to offset reduced monthly benefits. His strategy assumes retirees have investment expertise and sufficient savings outside ...

Filing for Social Security at 62 reduces monthly benefits by 30% compared to full retirement age of 67. Delaying Social Security until 70 increases monthly benefits by 24% above full retirement age.