Here Are the Pros and Cons of Claiming Social Security at 62

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.