You Claimed Social Security Early
You can claim Social Security retirement benefits as early as age 62, and many people will claim as early as they can. But if you claim at age 62, you’ll receive a benefit that’s 30 percent less than what it would be at your full retirement age, assuming you were born after 1959.
It’s more beneficial if you can delay until age 70. The amount you get when you first claim is the amount you’ll continue to get — plus cost of living adjustments. Bottom line: If you claim early, you’ll get a smaller check for the rest of your life.
