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The No. 1 Reason to Claim Social Security at Age 62


You can do hardly any learning or thinking about Social Security, and when you eventually apply for your benefits, you'll get what you get. For better results, though, take some time to learn more about the vital program that provides about 30% of the average elderly person's retirement income.

One decision you'll want to make carefully is when to start collecting your Social Security benefits, as your timing will affect the size of your checks. Delaying until age 70 will produce the fattest checks, but for many people, it makes a lot of sense to start at age 62.

Image source: Getty Images.

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Source Fool.com


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