Claiming Social Security at 62 Could Cost You. 3 Reasons to Do It Anyway.
The age at which you begin claiming Social Security will have a significant impact on the amount you receive each month in benefits. Age 62 is the earliest you can file, but it will also result in smaller checks each month.
In fact, by filing at 62, your payments will be permanently reduced by up to 30%. However, despite the smaller checks, there are a few reasons why it may be wise to claim as early as possible, anyway.
Image source: Getty Images.
Source Fool.com