Week 48 Day 2: When to Claim: 62 vs. 67 vs. 70

You can claim Social Security as early as 62 or as late as 70. Claiming at 62 permanently reduces your benefit by about 30%. Waiting until 70 increases it by about 24% over your full retirement age amount. Every year you delay past full retirement age, your benefit grows by 8% -- guaranteed, inflation-adjusted. No inve