Monday Morning Money

4 Reasons to NOT Take Social Security at 62

January 3, 2021

Many people want to retire as early as possible, something we completely understand. But it may not be the right decision. Today we discuss 4 reasons to NOT take Social Security at age 62.

The reasons include:

  • Big discounts for early retirement.
  • The negative impact on spousal and survivor benefits.
  • Smaller lifetime benefits.
  • Penalties to continue working.

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