Here's Why I Won't Claim Social Security Benefits at 62

One of the most important retirement decisions you'll ever make can be summarized in the titles of two classic rock songs. In 1976, the Steve Miller Band had a hit with Take the Money and Run. Eight years later, Van Halen scored with I'll Wait.

Many Americans choose to take the money and run by claiming Social Security benefits when they reach age 62. Others prefer to wait until full retirement age, which is 67 for anyone born in 1960 or later.

As for me, I've always been more of a Van Halen fan. Here's why I won't claim Social Security benefits at 62.

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Source Fool.com