Plan to take Social Security at 62? Think again.
Age 62 is the most popular age at which a majority of people claim their Social Security benefits. Sure, that’s largely because age 62 is when you first become eligible for benefits, but claiming as soon as you can is usually not the best choice you can make for several reasons, including the fact that your benefit payment will be anywhere from 25% to 30% less than it might otherwise be. And while claiming as soon as you can might seem like the right thing for you, this article by Maurie Backman appearing at NASDAQ.com offers three terrible reasons for you to claim your Social Security at age 62. Click here to read more.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public service to help Americans navigate the complexities of this program. Learn more about it here…