Deciding When to Claim Social Security Benefits: Exploring the Pros and Cons of Filing at 62
Saturday, 27 April 2024, 09:02
The Upside of Claiming Social Security at 62
Filing at 62 can help you exit stressful jobs, invest wisely, pursue business ventures, and secure income for retirement.
The Risk Associated with Early Filing
Claiming benefits at 62 results in smaller monthly payments and can impact lifetime benefits, especially if you live longer.
Weighing Your Options
- Consider your job, savings, health, and future plans before deciding when to claim.
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.