FinanceAdmin•Yahoo Finance RSS•2 days ago

Maximizing Social Security Benefits When Claiming at 62

Explore strategies to enhance your Social Security benefits if you choose to claim at age 62.

• Claiming Social Security benefits at 62 can lead to reduced monthly payments, but there are strategies to enhance future benefits.
• Consider working part-time while receiving benefits; this can increase your earnings record and potentially boost your monthly payments later.
• Delay claiming spousal benefits until full retirement age to maximize the amount you receive based on your spouse's work record.
• Stay informed about cost-of-living adjustments (COLA) that can increase your benefits over time, even if you start claiming early.

Source: Yahoo Finance RSS

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