Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Ethereum Dominates DeFi, Solana, Bitcoin, BSC, Tron, and Others among Top 10 

July 30, 2025

Bookkeeping Prices for Small Business: What to Expect in 2025

July 30, 2025

The 10 largest American IPOs of all time

July 30, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Wednesday, July 30
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Retirement»Taking Social Security at age 62? Here are 5 things to consider before you do
Retirement

Taking Social Security at age 62? Here are 5 things to consider before you do

June 17, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Thinking about Taking Social Security at age 62?

Are you considering taking Social Security at age 62? It’s a big decision that can have long-term implications for your retirement. Here are 5 things to consider before you make a choice:

  1. Reduced benefits: By taking Social Security at age 62, you will receive reduced benefits compared to if you wait until full retirement age. This reduction can be as much as 30% depending on your birth year.
  2. Longevity: Consider your health and family history when deciding when to take Social Security. If you have a longer life expectancy, it may be worth waiting to receive higher benefits later on.
  3. Income needs: Take into account your current financial situation and future income needs. Will taking Social Security at 62 provide enough income to support your lifestyle in retirement?
  4. Employment: If you plan to continue working after taking Social Security at 62, be aware that your benefits may be reduced if you earn above a certain limit. This could impact your overall retirement income.
  5. Spousal benefits: Consider how taking Social Security at 62 may affect spousal benefits. Depending on your spouse’s age and earnings, it may be more beneficial to wait until full retirement age to maximize benefits for both of you.

Before making a decision about taking Social Security at age 62, it’s important to carefully weigh these factors and consult with a financial advisor to determine the best course of action for your individual situation.

age Security Social
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Applying for Social Security: How and when to do it

July 30, 2025

Did you inherit an annuity? Beware of the 5-year rule

July 29, 2025

Why you should aim to retire early, even if you fail

July 28, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Prime Gaming Is Free With Amazon Prime; Here’s What You Get

June 30, 20241 Views

Here’s How I Made $360 Selling Stuff on Facebook Marketplace

June 4, 20250 Views

Exploring San Antonio: Top Texas Bucket List Experiences

July 10, 20240 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Crypto

Ethereum Dominates DeFi, Solana, Bitcoin, BSC, Tron, and Others among Top 10 

July 30, 20250
Personal Finance

Bookkeeping Prices for Small Business: What to Expect in 2025

July 30, 20250
Investment

The 10 largest American IPOs of all time

July 30, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.