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The #1 Reason to Claim Social Security at Age 62
Folks need to understand they will take a 30% benefit cut by claiming Social Security at age 62, the earliest possible age, over their full retirement age (now 67). But Christy Bieber notes you’ll want to claim at this age if doing so enables you to preserve your savings. Further, Bieber says people might need to retire when they hit this age if they have family issues, like a need to care for an aging spouse or a desire to care for young grandchildren. Or they might have health issues or simply be tired of working and want to stop. Full article here.