Many claim Social Security at age 62. Why?
Social Security’s minimum age to start collecting retirement benefits is 62, and 48% of women and 42% of men do claim at that earliest possible age. The reasons can be and are sometimes good, but all too often claiming at age 62 occurs just because it’s there, or without fully understanding the ramifications of doing so. Yes, sometimes loss of work or health issues make claiming at 62 the right choice, but as this Motley Fool article by Christie Bieber explains, claiming your Social Security benefits too early can be absolutely the wrong move. Click here to read more.