3 Great Reasons To Take Social Security Benefits at 62
Your monthly Social Security benefit in retirement is yours to collect in full once you reach full retirement age. Your FRA is either 66, 67, or somewhere in between, depending on the year you were born.
Meanwhile, you can claim Social Security before or after FRA. Go the former route, and your benefit will shrink, but you'll get your money sooner. Delay your filing, and you'll score a higher monthly payday for life.
The earliest age you can sign up for Social Security is 62, and it's also the most popular among seniors. And here are three reasons why it pays to choose it as your filing age, too.
Source Fool.com