Taking Social Security benefits should never be started without taking time to think about it and the consequences. Although claiming Social Security payments early may seem like a quick solution to immediate financial needs, there are some things you should know before taking that step.
Social Security can be claimed once you reach 62. If you can wait longer, it will be to your benefit. The one advantage you will have if you claim benefits at 62 is that you will receive payments longer than if you applied at 67. You will get benefits longer, but you get much less money than is possible each month.
