Finance

Social Security: the claiming decision that shapes everything else.

When you claim Social Security — at 62, at full retirement age, or at 70 — determines your monthly benefit for the rest of your life. Here's how to think through it.

Social Security

How Social Security Benefits Are Calculated

Your benefit isn't random — it's based on your 35 highest-earning years, adjusted for inflation. Understanding the formula helps you make sense of your Social Security statement and plan more accurately.

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One page covering every major retirement category — finances, Social Security, Medicare, insurance, estate planning, and lifestyle.

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Social Security resources

Tools relevant to this topic.

Retirement ChecklistIncludes a dedicated Social Security claiming section.Free download
SS Claiming GuideWalk through your 62 vs. FRA vs. 70 decision step by step.Coming soon
Benefit Comparison ToolSee how monthly benefit amounts change by claiming age.Coming soon

Official government resources

Straight from the source.

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