Claiming Social Security at 62 Makes Complete Sense If Any of These Factors Apply to You

Words like that commonly leave the lips of financial advisors who want nothing more than for their clients to get the most out of the Social Security. Your actual monthly benefit is calculated based on your average monthly wage, adjusted for inflation, over your 35 highest-paid years in the workforce, and you're entitled to that benefit once you reach full retirement age, or FRA. Of course, you're allowed to file for Social Security beginning at age 62, but for each month you claim your benefit before FRA, it gets reduced.