The Financial Advantage of Claiming Social Security at 62: What You Need to Know
Sunday, 7 April 2024, 09:03
The Pros and Cons of Claiming Social Security at 62
When it comes to Social Security benefits, filing at 62 may seem like a disadvantage due to reduced monthly payments.
- It's important to weigh your options
- Claiming Social Security early means smaller monthly checks but possibly more money over a lifetime
- Assess your health and lifespan
Considering the Financial Implications
By understanding your own circumstances, you can determine the best time to claim Social Security benefits.
- Maximizing your returns
- Some individuals benefit more by claiming early depending on various factors
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.