Instead of waiting to claim Social Security at my full retirement age or later, I plan on taking my Social Security at age 62, the earliest age possible. My decision to claim benefits early means I’ll get a much smaller monthly Social Security check than if I waited, but I think claiming early is the best decision for me. Here’s why.
Explaining my options
Social Security provides a valuable source of income to retired workers. It won’t replace all of my pre-retirement income, but it’s designed to provide the average retiree with about 40% of their pre-retirement wages.
Think about a decision you made recently. Maybe it was choosing what to wear for the day.