We regularly are asked by clients whether they should take Social Security benefits early at age 62. Each person’s situation is unique, and there is no one answer to this question. US News and World Report recently published this excellent article about various reasons to take Social Security Payments early.
The information in this article brings up good questions to ask yourself about your situation to determine the best option for you. We recommend you activate your online account with the Social Security Administration, where you can review your benefit options, retrieve earnings statements, use calculators to project future benefits, and retrieve Form SSA-1099-SM for tax return preparation.
A suggestion would also be to set up an appointment with the local social security office to review the benefit options best for you.