3 Reasons It's Dumb to Take Social Security Benefits at 62
Because 62 is the earliest age at which eligible seniors can file for Social Security, it's also the most popular age to claim benefits. But generally speaking, the average American should not be taking those benefits that early. Here are a few reasons why taking Social Security at 62 is a truly bad idea.
Though your Social Security benefits are based on how much you earned during your career, the age at which you file for benefits can cause that number to go up, go down, or stay the same. If you wait until your full retirement age (FRA), as designated by the Social Security Administration, you'll collect your base benefit amount in full each month.
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Source: Fool.com
