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Claiming Social Security at 62 Isn't the Biggest Mistake Your Can Make With Your Benefits. This Is.

Claiming Social Security is a big decision; don't make it lightly.

Claiming Social Security at 62 Isn't the Biggest Mistake Your Can Make With Your Benefits. This Is.

Published July 5, 2026 · Category: Finance

Overview

If you're thinking about claiming Social Security at 62, you'll probably encounter at least a few people who tell you that's not a good idea. Applying for Social Security as soon as you become eligible can permanently reduce your checks by up to 30%. For some, it also shrinks their lifetime benefit.

But it's actually not the biggest Social Security mistake you can make. There's one that could prove even more devastating, but fortunately, it's easy to avoid.

Image source: Getty Images.

Details

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Originally published at www.fool.com.

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