Claiming Social Security benefits at 62 may actually be a smart move for retirees

From NASDAQ.: 2025-05-12 03:36:00

Many seniors are choosing to claim Social Security benefits at age 62, despite the reduction in monthly payments. This can be a smart move for those with significant retirement savings or who don’t expect to live into their 80s. By claiming benefits early, some retirees may actually end up receiving more money overall. It’s important to consider your own financial situation and health when deciding when to claim Social Security. Some Americans who have saved diligently may benefit from claiming benefits at 62 and enjoying their retirement years.

Overall, it’s crucial to be open-minded about when to claim Social Security benefits and consider all factors before making a decision. The key is to make a choice that aligns with your financial goals and lifestyle preferences.



Read more at NASDAQ.: I Used to Say Claiming Social Security at 62 Was a Bad Move. Here’s Why I Was Wrong.