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Is claiming your Social Security benefits at 62 a smart move?
Do you know what the perfect age is to claim Social Security benefits? Although age 62 is the most popular age to sign up for Social Security, it also comes with financial consequences. When you file at your full retirement age, you are entitled to your full monthly benefit based on your wage history, but if you claim Social Security at 62, your monthly benefit will be reduced. In Maurie Backman’s article she outlines three reasons to take Social Security benefits at 62 even if it will result in an automatic reduction in your monthly Social Security income. Read Ms. Backman’s article here…
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