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Thoughts on Claiming Social Security at 62…It’s Still the Most Popular Age

Filing for Social Security benefits at the earliest possible point–age 62–remains the most popular starting point for benefits. In fact, a recent study by retirement solutions firm Allianz reports that a third of all folks close to retirement age are leaning toward filing for benefits before their full retirement age. While there may be valid reasons for making this choice, it’s important to understand the consequences, and to consider several other key factors when finalizing the decision–factors like your anticipated longevity, your available resources in retirement, your cash needs in retirement, etc. The Motley Fool’s Maurie Backman, in a post on, provides some food for thought on this matter. Check out her post here…

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