62 Is the Perfect Age to Claim Social Security -- in These 3 Cases
Social Security benefits can be claimed starting at 62. For most people, it's not a good idea to begin benefits so early.
Sixty-two is before the age designated as your full retirement age, so early-filing penalties apply that shrink your monthly checks. You'll end up with less money each month from this guaranteed income source, and there's a good chance your lifetime benefits will be lower too.
But there's no one-size-fits-all approach -- there are three situations where it likely makes sense to start claiming your benefits at 62. Here's what they are.
Source Fool.com
