Sorry, You Probably Shouldn't Claim Social Security at 62

The debate over when you should claim Social Security benefits doesn't have a clear winner, and for good reason: No two financial situations are precisely the same. However, there are certain circumstances that make waiting to claim payments a no-brainer.

Here, we'll look at the downsides to claiming Social Security as soon as you're eligible at age 62.

Taking Social Security at 62 means that you'll receive payments sooner, but you'll also receive much less -- about 30% less -- than if you were to wait until full retirement age (FRA). While nobody knows precisely how long they'll live, we do know that, on balance, people stand to live longer now than in previous decades.

Source Fool.com