Claiming Social Security Early? Think Twice | Business and Finance News

Claiming Social Security at 62 might seem like a smart move to ease financial pressure or retire sooner, but it comes with steep long-term costs. Your monthly checks could be 30% smaller than if you waited until your full retirement age of 67, and every month you delay boosts your payout—potentially adding up significantly by age 70. Beyond your own lifetime benefits, early claiming also shrinks survivor benefits for your spouse or dependents, impacting their future security. It’s not about being wrong—it’s about weighing what you’re sacrificing: income, total lifetime earnings, and family safety net. Make an informed choice, not a rushed one. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/bf28c300c618cf65