Should You Take Social Security At 62?
“Grab it and go” is the norm for a majority of Americans, as they enroll in Social Security at age 62, the earliest possible age. But is that wise? John Wasik of FORBES Magazine covers that topic here. He concedes, “It’s human nature for us to accept and consume what’s close to us in time and proximity. But that doesn’t always add up to a good financial decision.” Wasik suggests answering these three questions as decision points: 1) How is your health? 2) Can you keep working? 3) Do you want to keep working? If you want to see how much more you can earn in Social Security benefits by delaying your file date, the author includes this handy calculator. Full article here.