One traditional claiming age, from 62 through 70, provides retirees with the highest statistical probability of maximizing how much lifetime income they'll collect from Social Security.

For most retirees, Social Security is more than a monthly deposit into their bank account. It represents a financial foundation that many would struggle to make do without.

In 2023, Social Security pulled north of 22 million beneficiaries above the federal poverty line, including 16.3 million adults aged 65 and older, according to an analysis by the Center on Budget and Policy Priorities. Meanwhile, 24 years of annual surveys from Gallup have shown that 80% to 90% of retirees lean on their monthly payout, to some degree, to cover their costs.

The point being that maximizing how much beneficiaries recei

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