Claiming Social Security at 62 Will Slash Your Benefits. Here's Why You Should Sign Up Then Anyway.
There's a good chance Social Security will end up providing you with a decent chunk of your retirement income. Ideally, those benefits won't be your only income source during your senior years. But it's not unreasonable to assume you'll rely on them heavily.
It's for this reason that seniors are advised to file for Social Security strategically. You're entitled to your full monthly benefit, based on your personal wage history, once you reach full retirement age, or FRA. FRA kicks in at age 66, 67, or somewhere in between, depending on the year you were born.
But you don't have to wait until FRA to start receiving benefits. You can sign up for Social Security as early as age 62.
Source Fool.com
