Sorry to Say: You Probably Shouldn't Claim Social Security at 62

·4 min read
Sorry to Say: You Probably Shouldn't Claim Social Security at 62

When your 62nd birthday approaches, starting Social Security right away may be tempting. A lot of people worry that they'll leave money on the table if they wait too long to collect Social Security. When you take Social Security at 62, your benefit will be about 30% lower than it would be if you waited until 67, which is your full retirement age if you were born in 1960 or later.

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