Regret claiming Social Security too early? Here’s what you can do.
Age 62 is the earliest you can claim Social Security retirement benefits and, not surprisingly, that is the age that most people claim their benefits. But, claiming at 62 will mean that your benefit amount will be permanently reduced by 25% to 30%, depending upon your full retirement age. So, what can your do if you claim at age 62 and later regret that decision? Well, it somewhat depends upon how soon your regret spurs you to act, but there are a couple of actions you can take, as explained in this article by Maurie Backman, appearing at the Statesville (NC) Record & Landmark. Click here to read more.