Here Are the Pros and Cons of Claiming Social Security at 62
When is the best time to claim Social Security retirement benefits? This is a hot topic among financial experts and pre-retirees. Claiming benefits early could reduce them by as much as 30%, while waiting to file could lead to a big benefits increase -- around 8% annually between full retirement age and 70. Unfortunately, there's no one right answer to when you should begin getting your retirement income from the Social Security Administration.