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Here's How Claiming Social Security at Age 62 Could Be a Brilliant Move

TheMotleyFool

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Here's How Claiming Social Security at Age 62 Could Be a Brilliant Move: https://g.foolcdn.com/editorial/images/765957/mature-woman-on-laptop-thinking-and-looking-out-window.jpg

Patience pays off in most cases. That's true with collecting Social Security retirement benefits. The longer you wait (at least until age 70), the more you make.

That's why most financial advisors will recommend that you hold off until your full retirement age (FRA) or longer to begin receiving Social Security benefits. That's good advice for many people. However, I'm going to go against the conventional wisdom. Here's how claiming Social Security at age 62 could be a brilliant move.

Image source: Getty Images.

Source Fool.com

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