Category: Finance

Ask Rusty: Should I Take Social Security at 62?

If you take your Social Security benefits when you’re 62, the monthly amount you receive will be 27.5% lower than you would get at your full retirement age of 66 1/2. But if your current health issues mean that you must stop working and lose income you rely upon to make ends meet, then taking your benefits at age 62 will give you some badly needed financial relief.

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