What if you started taking your social security benefits as early as possible? That advice goes against conventional wisdom, but it may be a good idea for some retirees. “There’s not a week that goes by where I don’t see a story about how it pays to delay initiating benefits,” says financial advisor Scott Hanson. According to Hanson, while it may be beneficial for many folks to wait until age 66 or even age 70, for those who have done a great job saving for retirement, it might be best to start Social Security as soon as possible–maybe even as young as age 62.
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