Should You Claim Social Security at 62?
Social Security is a huge program, paying about 62 million Americans more than $950 billion in benefits annually. Most elderly beneficiaries get 50% or more of their retirement income from Social Security, while 21% of married ones and 43% of unmarried ones get fully 90% or more of their income from it. Clearly, it's worth trying to get as much from the program as you can.
You can start collecting your benefits as early as age 62 and as late as age 70, and you probably know that by delaying starting to collect them, you can let them grow bigger. But should you? You may be happy to hear that there's a solid case for claiming your benefits at age 62?
Image source: Getty Images.
Source: Fool.com
