3 Great Reasons to Take Social Security at 62 -- and 1 Reason to Wait
Social Security can go a long way in retirement, and for many older adults, it can make or break their strategy. In fact, around 1 in 5 adults age 50 and older have no other sources of retirement income outside of Social Security, according to a 2023 survey from the Nationwide Retirement Institute.
The age you begin claiming benefits will have an enormous impact on the amount you receive each month, so it's wise to make this decision carefully.
While there's not necessarily a right or wrong time to take Social Security, there are advantages and disadvantages to filing at certain ages. If you're thinking about claiming at 62, there are three reasons that could be a great move -- and one reason to consider waiting.
Source Fool.com
