3 Reasons It's Smart to Take Social Security Benefits at 62
There's a reason 62 is the most popular age for workers to start collecting Social Security -- it's the earliest possible age to take benefits. The problem, of course, is that filing for Social Security at age 62 means slashing your benefits for life. Any time you claim benefits prior to reaching full retirement age, you lose out on a percentage of the payments you'd otherwise be entitled to by waiting. And if you're counting on Social Security to pay the bills in retirement, filing early could put you at a severe disadvantage.
On the other hand, there are certain scenarios where it's actually a good idea to file for Social Security at 62. Here are a few examples.
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Source: Fool.com
