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When is it Wise to Claim Social Security at 62?

Deciding when to claim Social Security can be confusing. Most professional advisors suggest you wait as long as possible because your benefit continues to grow until you are 70 years old, so the longer you wait the more your benefit will be. But sometimes life’s circumstances get in the way and there are times when claiming early is exactly the right move. Statistically, age 62 is the most popular claiming age for a variety of reasons – some bad but some good. This (WA) article by Maurie Backman talks about three times when claiming Social Security at age 62 is precisely the right decision. Click here to read more.

Also, if you’re unsure about your individual situation under Social Security or have questions about your personal benefit entitlements, note that the AMAC Foundation provides an independent free-to-the-public Social Security Advisory service to help Americans navigate the complexities of this program. Learn more about it here…

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