You'd Be Wise to Claim Social Security at 62 if These Reasons Apply to You

If you earn enough work credits in your lifetime to be eligible for Social Security, you can sign up for benefits as early as age 62. Doing so will mean slashing those benefits on a permanent basis. It'll also mean getting your money a lot sooner than if you were to wait until full retirement age (FRA), which is the age at which you can collect your monthly benefit without any sort of reduction.

Now you'll often hear that filing for Social Security at 62 is a move you'll end up regretting -- namely, because it'll mean locking in a lower monthly benefit for life. But if any of these scenarios apply to you, claiming benefits at 62 could actually end up being a very smart move.

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Source Fool.com