Claiming Social Security at age 62 reduces your benefit by up to 30%. The average 62-year-old claimer got $1,341.61 per month as of December 2024, though the average is likely a little higher now.

Claiming Social Security at 62 might reduce your benefits on a monthly basis. But an early filing won't automatically ...

When you've spent four decades or more in the workforce, it's understandable to be drawn to the idea of claiming those ...

Claiming Social Security at 62 results in a lower monthly payout. Yet, for many, this choice makes sense due to average lifespan statistics. Continued work while claiming early benefits can result ...

We know you came here for the simple answer to how much Social Security you can get if you start collecting at age 62. (Scroll up to that first table for the very rough back-of-the-envelope estimate.) ...

Social Security payment for 70-year-old retirees is $2,176.76. Sounds tempting? Delaying the retirement date can increase ...

When to claim Social Security is a hard decision for many retired workers. Eligibility starts at age 62, but there is a trade-off between claiming right away and delaying. Specifically, the ...

Can I afford to retire when my husband, 59, draws Social Security at 62? Provided by Dow Jones Jun 27, 2025, 4:41:00 PM. By Quentin Fottrell ...

Americans can begin claiming Social Security benefits at 62. Unfortunately, claiming early will cost you. “If you are in your late 50s and in good health, you should seriously consider the ...

Here’s my analysis on why I am taking Social Security at 62. I explore the mathematical basis behind lower monthly payouts, examine the impact of continued employment on benefits, and highlight ...

Should I stay or should I go? It’s a question many have to answer when deciding when to retire. According to the Urban Institute, more are choosing to take Social Security benefits early at 62 ...