Reported 8 months ago
Claiming Social Security at age 62 may be tempting for some, as it is the earliest age to receive benefits, but it can lead to a significant reduction in monthly payments for life. While investing the money early may seem like a good idea for potential returns, the stock market's average return is not guaranteed, and the risk of losing out on guaranteed Social Security benefits is not worth it in the long run. Instead, it is advised to consider working longer and saving part of your income for investment purposes.
Source: YAHOO