Should You Claim Social Security at 62? - Yahoo! Finance
Most financial advisors will likely say no – it’s far better to wait longer to claim Social Security and get a higher monthly payment for the rest of your life. Why then, is age 62 the most popular age to claim Social Security? Well, many who have worked for almost their entire life find that they are tired of working full time, and seek to enjoy the fruits of their lifetime labor. For others, they may feel that the additional monthly income will allow them to fulfill their bucket list while they are still physically able. Point is, the reasons age 62 is the most popular age to claim may be simply “because it’s there.” And that, sometimes, is an overwhelming incentive, despite the advice of most in the financial services industry. This is the case for the Motley Fool’s Maurie Backman, as articulated in this Yahoo! Finance article.
Nevertheless, while age 62 is the most popular age to claim, at the AMAC Foundation’s Social Security Advisory Service we believe it is better to evaluate your retirement goals, including your health and life expectancy, your plans for working, and your martial status, as well as you financial need when deciding when to claim Social Security. If you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. All questions are answered quickly, at no charge. Learn more about it here…