3 Times When Claiming Social Security at 62 Could Be Your Smartest Move
You don't have to sign up for Social Security at one specific age. Rather, you're allowed to claim benefits beginning at age 62 at a reduced rate, or you're entitled to your full monthly benefit based on your earnings history four to five years later, depending on your year of birth and associated full retirement age. You can also delay your Social Security filing for a higher benefit up until age 70.
Since filing for Social Security at age 62 results in a lower benefit than waiting, seniors are often advised not to sign up as early as possible. But in the following situations, claiming Social Security at 62 is actually a solid move.
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Source Fool.com
