Should you grab your Social Security benefits at 62 or hold out for more? Danny lays out five surprisingly strong arguments in favor of claiming early. But this isn’t about rules—it’s about your situation. He dives into how life expectancy, tax impacts, and personal priorities all factor into this critical decision.
Takeaways
- Filing at 62 can be financially advantageous for some individuals.
- Life expectancy plays a crucial role in deciding when to file.
- Collecting Social Security early can help preserve retirement savings.
- Younger spouses may benefit from filing early to secure income.
- Family benefits can be unlocked by filing early, providing additional income.
- Financial needs may necessitate early filing for Social Security.
- Tax implications should be considered when deciding when to file.
- Delaying benefits may not always be the best strategy for everyone.
- Personal health and family situations significantly impact retirement decisions.
- It's essential to align Social Security filing with overall retirement strategy.
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