There's a reason age 62 has long been a popular age to sign up for Social Security: It's the soonest age you can take benefits. And while waiting can pay off financially, for some people, it's hard to ...
Age 62 is the earliest a person can file for Social Security. Claiming benefits at that point will reduce them substantially for life. That doesn't mean filing at 62 is automatically a poor choice.
It’s common to claim Social Security at 62 since it’s the youngest age to sign up. Filing at a later age makes sense when you don’t have a lot of savings. It’s important to look at different factors ...
It’s not great to reach your 60s without money set aside for retirement. Aim to work longer so you can hold off on Social Security. Think about lifestyle changes you can make to conserve funds. Are ...