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Put another way, you may end up with a larger lifetime benefit from Social Security if you sign up at 62 but pass away in your 70s, as opposed to living until your 80s or 90s.
Image source: Getty Images. Starting your benefits early could preserve your savings. There's one situation when claiming Social Security at 62 makes a lot of sense. You'll want to claim at this ...
When her husband died, Lambert, age 65, was not collecting her own Social Security benefits yet, and she had a difficult choice to make guided by the rules of Social Security: Take her own Social ...
I also know that if I delay my Social Security claim past full retirement age, I can boost my monthly benefit by 8% a year until age 70. This gives me the opportunity to collect a much higher check.
However, I think there's another No. 1 reason to claim benefits at 62 that goes beyond health only. My view is that you should claim Social Security at 62 when, after considering all factors, you ...
But the differences between the maximum possible 2025 Social Security benefit at 62, 67, and 70 show the value of delaying benefits as long as possible.