The Unfortunate Truth About Claiming Social Security at Age 62

One of the most important retirement planning decisions you'll make in your golden years is when to apply for Social Security. The most popular age to claim retirement benefits, by far, is 62, the first year you become eligible.While most retirees understand that claiming at 62 will result in a lower monthly benefit, they might consider it worth the trade-off to start collecting sooner rather than waiting. Unfortunately, there are some additional drawbacks to claiming Social Security at 62 that might not be as readily apparent to new applicants. Here's the unfortunate truth about claiming Social Security at age 62.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool