Claiming Social Security at 62? You Might Regret That

One day, you'll probably be among the tens of millions of Americans who collect Social Security (65 million, as of 2021). How much will you collect? Well, the answer to that is different for each of us, depending mostly on how much we earned in our working lives -- and also to a great degree on when we start collecting our benefits.

We can start collecting as early as age 62, and most people start collecting around age 62 or 63. There are good reasons to not do so, though -- as well as some arguments in favor of it. Here's a closer look at why you might regret claiming at 62 -- followed by a few reasons it might make sense for you.

Image source: Getty Images.

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Source Fool.com