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


Social Security is more vital for most Americans than you might realize. On average, it provides about 30% of retirement income for the elderly -- and for 12% of men and 15% of women, it provides 90% or more of their income.

It's worth learning more about the program so you can make smart decisions regarding it. For starters, learn more about when you should start collecting it. Many like to claim at age 62, but you might not want to. Here's why.

Image source: Getty Images.

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Source Fool.com


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