Here's Why I Plan to Take Social Security at 62
Social Security benefits provide income during your golden years, and they become available as early as the age of 62. But if you claim these benefits any time prior to your full retirement age, your monthly benefits will be reduced.
Since I was born after 1960, my full retirement age is 67, as it is for everyone born in or after that year. But despite the fact monthly Social Security checks are reduced by 30% if you claim at 62 with an FRA of 67, I still plan to claim my benefits as soon as I'm eligible. Here's why.
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Source Fool.com
