Reported about 2 months ago
A rising number of American workers are opting to claim Social Security benefits early, even while continuing to work, driven by economic uncertainties and inflation. Although claiming benefits at age 62 can result in monthly checks being 30% lower than those received at full retirement age, many feel compelled to do so due to circumstances like job insecurity or personal crises. Financial advisors emphasize the importance of understanding the trade-offs before making this decision, especially regarding potential tax implications and the long-term impact on retirement income.
Source: YAHOO