Age 62 happens to be the most popular age to sign up for Social Security . And there’s a reason for that. It’s the earliest age you’re eligible to start receiving a monthly benefit.
If you’re eager to get your money as soon as possible, then you, too, may be planning to file for benefits at 62. But here’s why that idea could backfire on you. Can you afford a lifelong financial hit?
The monthly Social Security benefit you collect in retirement will be based on your specific wage history, and you’re entitled to it at full retirement age , […]
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