Planning to retire at 62 is no longer as attractive as it once was. While this remains the earliest age at which you can ...

When you've spent four decades or more in the workforce, it's understandable to be drawn to the idea of claiming those ...

Here’s my analysis on why I am taking Social Security at 62. I explore the mathematical basis behind lower monthly payouts, ...

Claiming Social Security at 62 is often dismissed as a mistake, but for some retirees, it can be a strategic decision that ...

Claiming Social Security at 62 might reduce your benefits on a monthly basis. But an early filing won't automatically ...

Importantly, the average Social Security benefit tends to increase over time because of inflation and changes in average wages. For instance, the average monthly retired-worker benefit at age 70 is ...

Retirees may see an approximate 77% increase to their Social Security benefits by waiting from age 62 to age 70 to claim ...

Claiming benefits at age 62 means a permanent 30% reduction in monthly payments. In two short years, the oldest members of ...

Rather than wait until 65 or later, you grab Social Security retirement benefits at 62, which is the earliest you can do it. Newsletters Games Share a News Tip. Featured. Featured.

There’s little question that taking Social Security at 62 is not always a good deal. You lock in lower benefits for the rest of your life. You can reap a higher benefit at “full” retirement ...

Taking benefits early does come with a monetary monthly penalty of up to 30% for those enrolling in benefits at 62 versus their full retirement age of 67. The Social Security Administration has ...

The chart above shows that if you were to take SS benefits at age 62 versus at your full retirement age of 67, you would be ahead of the game until about the age of roughly 78.8 years.