3 Great Reasons to Take Social Security Benefits at 62
For millions of Americans, Social Security benefits are a lifeline in retirement. Among retirees, approximately half of married couples rely on their monthly checks for at least 50% of their retirement income, according to the Social Security Administration. Around one in five retired couples depend on their benefits for 90% or more of their income.
Because Social Security benefits are such an integral aspect of retirement, it's important to ensure you're making the most of them. The age you begin claiming benefits will have a lifelong effect on your monthly checks, so it's not a decision to be taken lightly.
You can begin claiming benefits at age 62 or anytime thereafter. The longer you wait to begin collecting benefits (up to age 70), the more you'll receive each month. For that reason, some people may think delaying benefits is the best option to collect as much as possible from Social Security. However, there are a few great reasons to consider claiming as early as possible at age 62.
Source Fool.com
