Early Retirement: Why it may not always be the wrong choice.

These days, it seems that those dispensing advice on retirement financing routinely sound off about the dreadful consequences of taking Social Security benefits at age 62–the earliest possible age to file. And it’s certainly true that filing at age 62 results in a lower monthly benefit than the amount one receives at full retirement age, and it does negate the delayed retirement credits that one could realize by waiting until age 70. So that’s bad, right?

Well, not always, according to journal.media’s Iggy Paulsen. In a post on their website, Paulsen sets forth more than a half dozen arguments that support a decision to file at age 62, ranging from the freedom it provides to exit a job one hates, to having funds to become an entrepreneur and move into the realm of self-employment, with a variety of reasons in between. His bottom line is captured in this closing paragraph: “The truth is that every person and their lifestyle will be different. As a result, it’s up to you to determine whether retirement at 62 (and the benefits package) is right for you.” Read his post here…


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