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Claiming Social Security at 62 Can Reduce Your Benefit by Up to 30%. When It Still Makes Sense

By

David Beren

1h agoen

Source

24/7 Wall St.Claiming Social Security at 62 Can Reduce Your Benefit by Up to 30%. When It Still Makes Sense247wallst.com
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Claiming Social Security at 62 is widely framed as a financial mistake, and in many cases, the numbers support that view. Filing at the earliest possible age permanently reduces monthly benefits by up to 30% compared to waiting until full retirement age, and that reduction follows a retiree through every cost-of-living adjustment for the rest ... Claiming Social Security at 62 Can Reduce Your Benefit by Up to 30%. When It Still Makes Sense

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