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Should you claim Social Security at age 62?

It’s the age old question: When should I claim my Social Security benefits? Although it’s possible to get a much higher benefit by waiting until your full retirement age, or even to age 70 to apply, there are also a few good reasons for starting your benefits at age 62. In the end, it all depends upon your personal situation, including your financial prowess and need, and how long you think you’re going to live. In this Motley Fool article by Joe Tenebruso, the author explores when and why it might make sense to apply for benefits at age 62, even knowing that your benefit amount may be cut as much as 30%. Click here to read more.

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