Social Security: This Is Hands-Down the Best Reason to Take Benefits at 62

When it comes to choosing a Social Security claiming age, many experts recommend waiting until age 70 to file. There's good reason for that: Delaying benefits can earn you a boost of up to 32% per month on top of your full benefit amount.For some retirees, though, filing as early as possible -- at age 62 -- is the best choice. Here's why.Your full retirement age (FRA) is the age at which you'll receive 100% of the benefit you qualify for based on your work history, and it's between ages 66 and 67, depending on your birth year. Filing earlier than your FRA will permanently reduce your payments, while delaying past that age will earn you a bonus each month.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool