Many Americans start their Social Security benefits as soon as they are eligible, but there are big drawbacks to doing so.
A big question for Americans nearing retirement is when to file for Social Security benefits . While the U.S. government has set full retirement age at 67 for people born in 1960 or later, Americans can choose to take a reduced Social Security benefit as early as age 62 — or wait beyond full retirement age in exchange for a higher monthly payment.
Starting Social Security benefits at age 62 may make sense under certain circumstances. However, waiting until […]
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