The Best Reason I've Seen to Claim Social Security at 62
There's a lot of controversy about when the best time to claim Social Security is. Some argue that claiming at the earliest possible age of 62 is the smartest move you can make, while others are convinced that waiting as long as possible -- between full retirement age and age 70, depending on the type of benefit -- will help you maximize your monthly payment and get more money from Social Security in the long run.
The fact is that everyone's situation is different. For some, claiming early is smart, while for others, claiming later is the best answer. Yet there's one situation where claiming benefits at age 62 is undoubtedly the best move, because it comes with no current downside and substantial long-term advantages. Let's take a closer look at this situation to see when it applies and what other lessons you can learn from it.
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Source: Fool.com
