Should You Collect Social Security at 62? Pros and Cons

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Whether to collect Social Security at 62 depends on your individual circumstances. There are many reasons that you may want to collect Social Security early.

But what are the benefits of signing up for benefits at 62? And does it really hurt in the long run? Here are some pros and cons of collecting Social Security benefits at 62.

Pro 62 Retirement: Life Expectancy Allows for More Benefits

Few people want to discuss their life expectancy, but no one is immortal. In the United States, the average man lives for 74.5 years, and a woman lives for 80.2 years.