Financial expert Dave Ramsey advises claiming Social Security at 62 and investing the payments to offset reduced benefits, assuming retirees have investment knowledge and savings outside of Social Security. However, many Americans lack retirement savings, making Ramsey’s advice potentially risky. It’s crucial to consult a financial advisor to determine the best Social Security claiming age based on individual circumstances. Some may benefit from waiting until full retirement age or beyond, while others may need to file earlier. Ultimately, the decision should align with one’s financial goals and situation to ensure a secure retirement.

Read more at Yahoo Finance: Following Dave Ramsey’s Social Security Advice Could Put Your Retirement at Risk