I Used to Think Claiming Social Security at 62 Was a Disastrous Move. I Was Clearly Misinformed.
Filing as early as possible isn't guaranteed to be a mistake.
I Used to Think Claiming Social Security at 62 Was a Disastrous Move. I Was Clearly Misinformed.
Overview
Even though I'm not close to ending my career, as someone who writes about retirement all the time, I like to contemplate different financial scenarios. I've spent hours thinking about what investing strategy I want to uphold in retirement, what withdrawal rate I might use for my savings, and when to claim Social Security.
I've actually flip-flopped on the latter quite a lot. I used to think that claiming Social Security at the earliest possible age of 62 was a terrible idea. For a while, I was convinced that filing for benefits at 70 made the most sense, since that's when you can lock in the largest monthly benefit possible.
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Details
Source
Originally published at www.fool.com.
