Regret taking Social Security at 62? What to do if the decision haunts you (and

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. If you claimed Social Security as soon as you became eligibl

Regret taking Social Security at 62? What to do if the decision haunts you (and
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Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.

If you claimed Social Security as soon as you became eligible, you're in a pretty big club. Roughly 30% of beneficiaries of the program, as of 2024, made their first claim at age 62, according to the Bipartisan Policy Center (1).

With the ongoing affordability crisis, it's easy to see why nearly one in three seniors sign up for monthly payments as soon as they become officially eligible. But for many of these early retirees, the decision to sign up for benefits at 62 can haunt them later.

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If you're one of these regretful beneficiaries, here's what you need to know.

The biggest drawback with an early claim is the benefit reduction. For most people born after 1960, the full retirement age is 6

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/articles/regret-taking-social-security-62-104500328.html)

Esta información no constituye asesoramiento de inversión. Consulte con un profesional antes de tomar decisiones financieras.