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3 Great Reasons to Take Social Security Benefits at 62


One of the biggest retirement decisions you'll make is determining when to begin claiming Social Security benefits. This choice will affect your monthly income for the rest of your life, so it's not a decision to take lightly.

Many experts recommend delaying benefits because it will result in larger payments each month. If you claim as early as possible at age 62, your benefit amount will be permanently reduced by up to 30%.

Despite this reduction in benefits, there are a few good reasons to consider filing for Social Security at 62.

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Source Fool.com


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