Nine in 10 Americans said they are not waiting until age 70 to claim their maximum Social Security benefits, according to a Schroders 2025 US Retirement Survey released on Oct. 21.
Schroders, an asset management company, said 44 percent of non-retirees plan to file for Social Security benefits before they turn 67, and only 10 percent are waiting until age 70, when individuals can claim their maximum monthly benefit, to retire.
Workers can claim Social Security benefits as soon as they reach 62, although claiming early could lower their monthly benefit payments by 30 percent. Claiming benefits at age 70 allows retirees to claim their highest benefit with delayed retirement credits.
The Social Security Administration (SSA) says 67 is the full retirement age for people born in 1960 or later looking to receive 100 percent of their calculated monthly benefit….