You May Want to Claim Social Security at 62 in These 2 Situations
The earliest age you can claim Social Security is 62, but starting checks so young often isn't the best choice. Filing for benefits at the earliest age of eligibility could mean significantly reducing your checks.
In some cases, seniors who file at 62 could end up with 30% less income than they'd have had if they waited until a full retirement age of 67. And, odds are that seniors who start their checks so young will end up with less lifetime income in addition to smaller monthly payments.
But while an early claim is often a mistake, that doesn't mean it always is. In fact, there are two situations when you may want to get benefits the minute you're allowed to file for them.
Source Fool.com
