Claiming as soon as possible could hurt your finances in more ways than one
You can start your Social Security retirement benefits as early as age 62. However, if you start receiving benefits early, they are permanently reduced. Although there are times when starting your benefits at 62 is a good idea, if you are looking to maximize your benefits, claiming at 62 is a bad idea. Adam Levy points out that starting your benefits at 62 is not the best option for most retirees. Read Mr. Levy’s article here…
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