About Claiming Social Security at 62
Age 62 is the most popular age to claim Social Security. That could be because age 62 is when most beneficiaries first become eligible, or it may be out of financial necessity. There are some good reasons why claiming as soon as you’re able may be the right choice, but there are also some pretty good reasons why waiting longer would be your smartest move. Reality is, the best time to claim depends on your unique personal circumstances, but if you’re thinking about claiming Social Security at age 62 you should make sure you know the consequences of doing so. This Motley Fool article by Maurie Backman explains what your Social Security benefit will look like if you claim at 62. Click here to read more.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public service to help Americans navigate the complexities of this program. Learn more about it here…