Claiming Social Security benefits at age 62 may be necessary for some retirees, but the decision shouldn’t be taken lightly. You’ll receive reduced benefits, and it can impact your spouse’s ...

1. Reduced benefits The main drawback to claiming Social Security at age 62 is that your monthly benefit will be reduced by 30 percent compared to the amount you would get if you waited until full ...

Claiming benefits at 62 can reduce a retiree's benefits by as much as 30% -- the earlier one takes them prior to their FRA, the more they are reduced. Meanwhile, retirees who wait until age 70 ...

For the average beneficiary right now, the difference between claiming when you're 62 versus claiming at the age of 70 is over $1,000 per month. That's no small amount for most households.

They can also delay benefits until age 70. There are trade-offs to both options and certainly no one right answer, but here's the No. 1 reason to claim benefits early at age 62.

There's another often overlooked upside to claiming at 62 years of age, however, even if you don't need this money yet because you're still gainfully employed. That is, you might be able to do ...

For the average beneficiary right now, the difference between claiming when you're 62 versus claiming at the age of 70 is over $1,000 per month. That's no small amount for most households.