If you can’t be the best, at least don’t be the worst — especially when it comes time to claim Social Security.

As we’ve discussed, it’s important to understand how your age impacts your claim. For those who are healthy and able to keep working, it may be better to wait until 67 or even 70, so your benefits will increase.

Statistically, these may be the best ages. But is there a worst? According to some, this age is 62. Many people are eager to take benefits as early as possible, but miss out on a lot of money.

We’d like to mention that everyone’s situation is relative to their own circumstances. If you’re sick or struggling to work, it may actually be better to take benefits as early as possible. The key is to plan your retirement wisely based around your own needs and situation. It goes to show that the worst claiming age for some can actually be the best for others.

For more news on Social Security and retirement planning, follow NORA on Facebook and Twitter. And to guarantee higher benefits for all retirees, regardless of the age they choose to claim, sign our petition.