This video discusses why more people file for Social Security at 62 than at any other age. It covers several very good reasons (and one very bad reason) for this decision.

Importantly, the video crushes some of the myths as well as highlights some blind spots that many retirees have when deciding when to take Social Security retirement benefits.

DATA DISCUSSED IN THIS VIDEO
Should You Take Your Social Security at Age 62 and Invest it?
   • Should You Take Social Security at Ag...  

Congressional Research Service, Social Security Retirement Age https://crsreports.congress.gov/produ...

Federal Trade Commission, Consumer Debt Advocacy Webpage
https://consumer.ftc.gov/creditloans...

00:00 Introduction
00:47 Congressional Research Service Report The Social Security Retirement Age
01:26 Why Do 3X More People File for Social SEcurity at Age 62 than at Age 70
02:16 Reason #1 for Filing for Social Security at Age 62
03:11 Social Security as a "Defined Benefit Plan"
03:37 Social Security as an "Insurance Policy"
04:07 The Social Security "Experiment" from 2015
04:59 Reason #2 For Filing for Social Security at Age 62
06:26 Reason #3 For Filing for Social Security at Age 62
07:25 Reason #4 For Filing for Social Security at Age 62
14:41 Reason #5 For Filing for Social Security at Age 62


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Federal Reserve Board Survey of Consumer Finances:
https://www.federalreserve.gov/econre...

Social Security Administration Application for Benefits
https://secure.ssa.gov/iClaim/rib

Current Social Security Cost of Living Adjustment
https://www.ssa.gov/cola/

Social Security Payment Estimator
https://www.ssa.gov/benefits/retireme...


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Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider.