3 Reasons to Claim Social Security at 62
Despite the reduction in benefits, an early claim could make sense.
Overview
If you search the internet for Social Security claiming strategies, you'll probably see that many of them emphasize the dangers of filing for benefits at 62, which is the earliest age you can sign up. And there's a reason for that.
If you claim benefits at 62, your Social Security checks will be reduced by about 30% compared with what you'd get at 67, which is full retirement age for anyone born in 1960 or later. That's a pretty big hit.
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Details
Source
Originally published at www.fool.com.
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