Claiming Social Security at 62 is often dismissed as a mistake, but for some retirees, it can be a strategic decision that enhances their retirement lifestyle.

Importantly, the average Social Security benefit tends to increase over time because of inflation and changes in average wages. For instance, the average monthly retired-worker benefit at age 70 is ...

Spousal benefits allow you to receive as much as 50% of your spouse's monthly benefit. Claiming spousal benefits before your full retirement age will reduce your monthly benefit amount. The Social ...