Claiming Social Security at 62 Could Really Hurt You If These 3 Things Apply to You
When it comes to signing up for Social Security, you have options. You can wait until full retirement age (FRA), at which point you're allowed to collect your full monthly benefit based on your earnings history. You can delay your filing until age 70 and boost your benefits by 8% in the process. Or, you can sign up for Social Security ahead of FRA -- as early as age 62, in fact.
A large number of seniors opt to go the latter route, so much so that 62 remains the most popular age to claim benefits. But while filing for Social Security works out for a lot of people, if these factors apply to you, that decision could sorely backfire.
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Source Fool.com
