Excited to take Social Security at 62? Slow down — here are 5 top reasons claiming your benefits at such a young age is a bad idea

Considering claiming Social Security benefits at 62? While it might seem tempting to access the money you’ve been contributing through payroll taxes, waiting could result in significantly higher monthly payouts for a potentially lengthy retirement. Filing at 62 may be prudent for individuals facing early retirement due to health reasons, especially if they need financial assistance for medical care, as Medicare doesn’t start until age 65.

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Source Article: https://moneywise.com/retirement/reasons-claiming-social-security-benefits-at-62-is-a-bad-idea

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