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

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

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 ...

If you're like most people, the earliest you can claim Social Security benefits is age 62. Waiting until later, though, will ...

Should I collect Social Security at 62? Will I need to file for Medicaid at 65 and which parts? I have lifetime VA ...

Claiming Social Security before that point will result in a reduced benefit. And if full retirement age for you is 67, then filing at age 62 will mean accepting a 30% hit to your benefits -- for life.

Consider your particular situation when deciding whether or not claiming Social Security at 62 makes sense for you. In 20 Years, I Haven’t Seen A Cash Back Card This Good (sponsor) ...

One of the most popular ages to claim Social Security is also the earliest: 62. It's easy to understand why so many people apply right away. The sooner you sign up, the more months of checks you ...

If 67 is when you reach FRA and you claim Social Security at 62, your monthly benefits are reduced by about 30%. Of course, the upside of claiming Social Security at 62 is getting your money sooner.

To 'beat' Social Security, you'd have to play a risky game. If you claim the benefit at 62, you would have an eight-year head start over someone who collects their first check at 70.

Claiming early will reduce your benefits by up to 30% (if you have an FRA of 67 and claim at 62), but if you can survive on smaller checks, it might be a good idea.