Sorry to Say: You Probably Shouldn't Claim Social Security at 62

Sorry to Say: You Probably Shouldn't Claim Social Security at 62

There's a reason 62 has long been a popular age to sign up for Social Security: It's the earliest age you can start collecting benefits. You're entitled to your full monthly Social Security benefit based on your personal income history once you reach full retirement age (FRA). Your FRA is an important thing to know, because without it, you won't be able to figure out how much of a hit your monthly benefit will take if you claim Social Security at age 62.