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Thinking about retiring at 62? Here’s what that means.
It’s an attractive thought, bailing out at the first opportunity and grabbing your benefits. But while many folks focus only on the short-term benefit of cashing in those benefits, the longer term impact of higher benefits later is frequently overlooked. There are valid reasons why an early filing strategy makes sense for some, but it’s still critical to be at least aware of the financial implications of one’s timing decision. The Motley Fool’s Dan Caplinger takes a look at this issue in a post today on www.fool.com. Check it out here…