3 Things You Give Up When You Claim Social Security at 62
You pay a price for those extra years of benefits.
Overview
When seniors decide to apply for Social Security as soon as they turn 62, they're usually focused on what they're getting by doing so -- a monthly benefit, help with their bills, maybe enough extra income that they can finally retire. All of those things can be true, but they're not the whole story.
Claiming Social Security at 62 has some major drawbacks, too. Make sure you're comfortable with giving up the following three things before you decide to apply as early as possible.
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Details
Source
Originally published at www.fool.com.
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