Sorry to Say: You Probably Shouldn't Claim Social Security at 62
There's a strong likelihood that you'll count on Social Security as a significant income source in retirement. Maybe those benefits will be needed to cover essential bills, like housing and healthcare. Or maybe you'll use those benefits for leisure and entertainment, which are important at a time in your life when you don't have a job to fill your days. Either way, your goal should be to get the most money from Social Security as possible. And filing for benefits at age 62 just isn't the way to do that.
Age 62 is the earliest possible age to file for Social Security, and it's also the most popular, not surprisingly. But the Social Security Administration penalizes filers who sign up for benefits before full retirement age, or FRA, which is when those benefits can be collected in full.
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Source Fool.com
