3 Great Reasons to Take Social Security Benefits at 62
Age 62 is the earliest age you can file for Social Security, and not surprisingly, it's also the most popular. But signing up to collect benefits at 62 has its drawbacks -- namely, locking in a lower monthly benefit for life.
Your monthly Social Security benefit is unique to you, and it's calculated based on your average monthly wage, indexed for inflation, during your 35 most profitable years of earnings in the workforce. That benefit, however, won't be yours in full until you reach full retirement age, or FRA.
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Source Fool.com