Starting Social Security at Age 62 Can Be a Costly Decision. Here's How Much Income Retirees Could Lose
A record 3.6 million retired workers started Social Security in 2023, and 23% of those individuals claimed benefits at age 62. That is significant because Social Security payments are permanently reduced if benefits begin before full retirement age, and 62 is the age at which the reduction is most severe.
Statistically speaking, those retired workers are leaving a substantial amount of money on the table. Here are the important details.
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Source Fool.com
