The No. 1 Reason to Claim Social Security at Age 62

Social Security is a complex program. It doles out benefits to over 69 million Americans each month, so it's tough to accommodate that many people with a one-size-fits-all solution.It is for perhaps this reason that retirees can claim benefits at different ages. Retirees can start claiming Social Security as early as age 62. They can also delay benefits until age 70. There are trade-offs to both options and certainly no one right answer, but here's the No. 1 reason to claim benefits early at age 62.If retirees can start claiming benefits as early as 62, why wouldn't they? Well, the main reason is that the benefits received at this age will be a lot less than what retirees could be entitled to if they wait.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool