3 Great Reasons to Take Social Security Benefits at Age 62
Applying for Social Security at age 62 could mean taking as much as a 30% cut to your monthly benefit. That's because 62 is younger than your designated full retirement age, which is between 66 and two months and 67 (depending on your current age). Early filing penalties apply for each month that benefits begin before FRA and can ultimately reduce your checks by a substantial amount.
Despite this, age e62 is one of the most popular ages to file for Social Security benefits. And there are plenty of good reasons for some recipients to go ahead and accept these early filing penalties in exchange for an early claim. Here are three of them.
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Source Fool.com
