Should You Take Social Security at 62?
It’s fairly well known that taking Social Security at age 62 will result in a smaller monthly benefit, and that waiting longer will mean bigger checks. And while those bigger benefit checks can be enticing, sometimes it simply makes a lot of sense to claim Social Security as soon as you’re done celebrating your eligibility to do so. The simple fact is that while you should always fully evaluate your personal situation when deciding when to claim, sometimes it just makes perfect sense to apply for Social Security at age 62. As we always say at The AMAC Foundation when someone asks when to claim benefits, “it depends.” But this Motley Fool article by Kailey Hagen describes three special situations where taking your Social Security at age 62 would be exactly the right choice. Click here to read more.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.