Capital DailyCapital Daily
Markets · Investing · Business
Capital DailyCapital Daily
Finance

I Don't Plan to Claim Social Security at 62, but This 1 Thing Could Change My Mind

My plans definitely aren't set in stone.

I Don't Plan to Claim Social Security at 62, but This 1 Thing Could Change My Mind

Published September 18, 2026 · Category: Finance

Overview

Claiming Social Security at age 62 has never really appealed to me. Yes, you get more checks, but it permanently reduces your monthly benefit by 30%. My plan has always been to wait until I qualify for my largest possible checks at age 70.

But that's not set in stone. A major life change could force my hand and lead me to sign up for Social Security earlier than I intended, and in that scenario, I think I'd be OK with it.

Image source: Getty Images.

Details

Continue reading

Source

Originally published at www.fool.com.

Related Articles

CD
Capital Daily Newsroom

Capital Daily covers markets, crypto and commodities for Asia & the Middle East — tier-1 desk research, AI-driven analysis, institutional-grade data. Tip our newsroom: [email protected]

Email the newsroom →
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.