3 Great Reasons to Claim Social Security at 62
Starting Social Security at 62 can cost you big -- as in six figures lost over your lifetime if you're really unlucky. That's because the Social Security Administration permanently reduces your checks for every month you claim benefits before your full retirement age (FRA) -- between 66 and 67 for today's workers.
But there are also times when signing up right away is the smartest move you can make. If any of the three situations below apply to you, you fall into the latter camp and should consider signing up for Social Security as soon as you blow out those 62nd birthday candles.
Image source: Getty Images.
Source Fool.com
