5 Reasons to Claim Social Security at Age 62

One of the most common pieces of financial advice today is to postpone claiming Social Security until age 70. And if you're further behind in retirement planning than you'd like to be, it might make sense. After all, delaying Social Security until 70 means your monthly benefit would be 24% higher than it would be at full retirement age (about 67 for most Americans). On the other hand, claiming Social Security at age 62 will permanently reduce your monthly benefit by as much as 30%. Still, there are plenty of reasons you might consider claiming Social Security benefits as soon as you're eligible. Here's the top five. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool