Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Monday, January 27, 2014

Reasons to Take Social Security Early


If you were to take Social Security early at age 62, you would only receive around 75% of your monthly benefit.  However, sometimes circumstances exist where it might be better to not delay and take Social Security income earlier.  Here are six reasons why:

  1. It’s taking you a while to find full time employment.
  2. You work part time.
  3. You want the funds to go to a beneficiary.
  4. You want to invest the funds in something else.
  5. You don’t need to maximize the Social Security income of your spouse.
  6. You have a short life expectancy. 

See Nancy Anderson, When It Makes Sense to Take Social Security Income at 62, Forbes, Jan. 24, 2014.


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