Most popular filing age? 62, but why?
Age 62 is by far the most popular age at which people apply for their Social Security benefits. The reasons are varied, from being forced into retirement early or that they simply need the extra money to support their lifestyle, but it may all come down to the fact that so many seniors approaching Social Security age haven’t saved enough for their retirement. This article by Maurie Backman appearing at NASDAQ.com explains the consequences of claiming early and also why so many people choose this option instead of waiting for a larger benefit. Click here to read more.