Social Security: Research Shows These Are the Best (and Worst) Ages to File for Benefits

The Motley Fool

by newsfeedback@fool.com (Katie Brockman)

February 25, 2026

AI-Generated Deep Dive Summary

The decision of when to file for Social Security benefits is one of the most critical financial choices individuals face in retirement planning. The article highlights that claiming benefits at your full retirement age, which falls between 66 and 67 depending on your birth year, allows you to receive 100% of your earned benefit. However, filing earlier than this age can reduce your monthly payments by up to 30%, while delaying benefits beyond your full retirement age can increase your payments by as much as 32%. Research suggests that while there is no one-size-fits-all answer, certain ages emerge as particularly advantageous or disadvantageous for financial outcomes. Filing before your full retirement age significantly impacts your long-term income. For example, claiming benefits at age 62—commonly considered the earliest filing option—can result in reduced monthly payments compared to waiting until later. This decision can have lasting effects on your financial stability during retirement. On the other hand, delaying benefits not only boosts your payments but also creates a higher base for future cost-of-living adjustments, potentially offering greater financial security over time. The optimal claiming age varies based on individual circumstances, including life expectancy, health status, and financial needs. While research points to specific ages that may be more beneficial financially, it ultimately depends on personal goals and the overall retirement strategy. For those focused on maximizing their long-term income, delaying benefits beyond full retirement age can provide a substantial boost to monthly payments, potentially enhancing the quality of life in later years. Understanding the implications of Social Security filing timing is crucial for anyone approaching retirement. The choice not only affects immediate income but also has far-reaching consequences for financial

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Originally published on The Motley Fool on 2/25/2026