A recent survey of over 600 seniors over 60 years of age shows that almost 50% intend to start taking SS benefits at age 62. This significantly reduces the amount you get paid every month for the rest of your life.
For most people less than age 65, tapping SS benefits early is a significant and very costly mistake. It should not be done before investigating all of the other options that may ber available. A financial professional can help you with this analysis. for many a HUD HECM Reverse Mortgage may be the annswer. Other kinds of finanlcial alternatives should be investigated first. You need to maximize the income your current assets can produce.
