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Filing for Social Security at 62 can be a mistake
A very sizable percentage of Social Security recipients file for their benefits as soon as they are eligible at age 62. And while that is sometimes exactly the right thing to do, it is also often a mistake. As revealed in this Motley Fool article by Jason Hall, with today’s longer life spans and people living into their 80’s on average, filing at age 62 means you’re leaving a lot of money on the table. True, there are some pretty compelling cases to be made that having the money earlier is the best thing to do, but having a bigger benefit check in the latter years of your retirement is quite compelling also. Click here to read Jason Hall’s article.