Social Security: 5 Great Reasons to File for Benefits at 62
More Americans claim Social Security at age 62 than at any other age, even though doing so results in a significant benefit reduction. In fact, 42% of men and 48% of women choose to start collecting Social Security as early as possible.
Despite the drawbacks of filing for Social Security benefits several years before reaching full retirement age, there are some good reasons for doing so. Here's how claiming Social Security at 62 could affect you, and five reasons it could be a smart move.
Image source: Getty Images.
Source: Fool.com