3 Reasons Claiming Social Security at 62 Makes Sense
Social Security benefits can be claimed as early as age 62. But if you start this early, you'll be claiming them well before your full retirement age (FRA). You need to wait until FRA to get your standard benefit and could face a reduction of up to 30% in your monthly checks if you claim at 62 when your FRA is 67.
While your benefits will be smaller, though, that doesn't mean you shouldn't claim at 62. In fact, there are three good reasons getting your benefits as soon as possible could make a lot of sense.
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Source Fool.com
