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Don’t rush into claiming Social Security at 62

You can start receiving your Social Security retirement benefits as early as age 62; however, if you start receiving benefits early, your benefits are reduced. Yes, you have been paying into the system all these years, and you want to make sure you get “your” money back. However, filing at 62 is not recommended by financial experts except in cases where health reasons have forced the individual into early retirement. So why should you wait until your full retirement age or even later? Vawn Himmelsbach outlines five reasons why claiming your Social Security benefits before your full retirement age is a bad idea. Read Ms. Himmelsbach’s article here…

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