The Best Argument for Claiming Social Security at Age 62
When it comes to choosing the age at which to start taking Social Security, many experts advise against claiming early. While you can file for benefits as early as age 62, the longer you wait (up to age 70), the more you'll receive each month. In fact, waiting until 70 to start collecting checks will result in receiving your full benefit amount plus a bonus of at least 24% per month for the rest of your life.
But that doesn't mean claiming at 62 is always a bad decision. There's no single correct age at which to begin taking benefits. In some cases, filing as early as possible is the smartest move you can make.
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Source Fool.com
