You Can't Get Social Security at 62 (Here's Why)

It’s a shock to some people when they find out they can’t receive Social Security benefits as soon as they turn 62.

Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn:
✔The Most Important Factors to Consider BEFORE You File for Benefits
✔How to Coordinate Your Social Security Filing Decision with Your Other Assets & Income for a Tax Efficient Distribution Strategy
✔Why This Is The Biggest Decision of Your Retirement

Access the workshop today at this link

📜 HEAR YE HEAR YE: Some of my videos contain links to third party products, apps, and services. If you click through, I may receive a small referral fee to my media company (Carroll Media Properties) through their referral program. Rest assured, I only recommend products or services that I believe will be helpful and informative to my audience.

⭐⚠️⭐Please read this⭐⚠️⭐

⚠️I am not an attorney, SSDI advocate, or affiliated with the Social Security Administration or any other entity of the US Federal Government. I am a practicing financial planner, but I’m not YOUR financial planner and since I don’t really know you, I can’t give you advice. So please don’t take this video as specific advice for your specific situation. Consult your own tax, legal and financial advisors. 🙇🙇🙇🙇🙇
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[DeTar]

Been working since I was 15. Retired from a 37 year career. My parents were dead at 68, 2 siblings dead before 54, all of them from cancer. I’m 62 this year, yep I’m gonna apply for SS this year at 62.

[garyK.ACP]

I retired at 62. I filed my claim 3 months before my 62nd birthday. It was approved within about 3 weeks. Your retirement benefits start the month AFTER you 62nd birthday and are paid in arrears, so my birthday was in September, my official retirement was October 1 and my fist check was in November.
What about loss for early retirement? I my case I lost about $500/mo. BUT, I received my reduced retirement benefit for 52 months....about $98, 000. I would have to live until age 83 to break even. One has to make their own assessment of that.
Not only that, but I dedicated that money to paying off a home mortgage (which I did) and now SAVE over $700 month in a house payment. AND money saved is TAX FREE, you get to keep all of it.
It is an individual decision, but I never looked back.

Excuse me, I have to go fishing.

[CrazyArt-re]

I retired at 62. No way I could’ve worked another 5-8 years in an industrial fast paced high stress job. Best decision I’ve ever made. After working since I was 17 I felt as free as a bird, not having to stop what I’m doing to go to work. Sleep as late as I want. It’s like 1000 pounds lifted from my shoulders.

[margarettalbot]

Took my ss at 62. Am now 81 and still kicking. I did have HER2 positive cancer at 75 but came out great after a year of chemo. I am glad I made the right decision to move in early. With COVID and all the other stuff that's happening I would do the same again.

[randyk]

I am taking it as soon as I can! 62 here I come!

[Alan-lvrw]

I’m 62 and just retired from a white collar insurance job with the same level of stress as an air traffic controller. When they implemented Six Sigma and started to time us in the bathroom, I left. I get $50, 300 per year in a pension and $28, 300 per year from SS. My blood pressure, cholesterol, and a1c are all down. Retiring was the best thing I’ve ever done.

[SuzyM]

I went to the SSA website and applied before turning 62. It was a very simple process.

[ObamAmerican]

I'll be 61 in July. I've worked since age 17. Never been married. Wages restricted by being a single ♀️ and a career in human services. My retirement plan is to buy a teardrop trailer with my 401K $$ and live on the road with what I think will be roughly $1900/mo SSI. All I need or want is a comfortable bed, a reliable car, TV & internet, and a wet bath in my trailer. That's it. Warm months up north, cold months down south. On the grid but out of the rat race.

[misha-elministries]

Thank you Lord that I receive Social Security . I retired at age 66 with no debts and some savings to supplement my S S . My wife is retiring in Sept. at age 62 and between the both of us we can live comfortable . Down here in Fl we have a homestead and senior citizen deduction on our little 2 bedroom home and pay very little in property taxes . Thank you Jesus for leading and guiding our life and finances that we may spend the rest of our life together in rest and peace above ground . 😇

[NicholasBall]

Social Security is important for many seniors, but it’s also crucial to plan for retirement with smart investments. Diversifying your investments helps grow wealth over time. It’s never too early to start saving and investing for a secure future. I'm 63 and my husband is 65. We’re both retired with over $3 million in net worth and no debt. We live frugally and earn monthly passive income, which makes our early retirement possible.

[bmcgc]

I filed at 62 and have invested 100% of my benefit. It has grown at an average of 14% a year tax free. Best financial move that I have ever made.

[skydancerforever]

Yes, i turned 62 end of May. Applied for retirement in early May for retiring July 29th.(last day i worked) Received my 1st check from SS in the 4th week of September. So there is a waiting period depending on what day your birthday falls on. Best thing i ever did! Don't wait until your dead or almost dead to get your money. Best thing you can do at 55 or earlier is plan for retirement at 62 and get all your living cost down so you can comfortably live on SS wages and what ever else you have coming to you. If you must you can still work part time for extra income if needed while retired. You just can't go over a certain amount.

[lynngrissom]

I was 62 on October 14, retired on the 28th of that month, received my first check on the 3rd Wednesday of the following month. Been retired 14 years now.

[LearnToSurvive]

Lets be honest they keep raising the age soon they will want you to work till the day before you die so they can keep the money

[Dougs-Ear-Hole-Entertainment]

I'm taking it at 62 because my dad waited until 67 got 2 checks and died. Sure its 30 percent or so less, but I'd rather take a reduced payout over the long term than wait for a few larger checks and die.

[montecraig]

My house is paid for and I have zero debt. I’m taking my 2, 250 SS and $400 a month pension and quit my job and relax at 63.

[georgenasuta]

I started collecting at 62 last year I did not want to wait.

[midwesternoutdoorsandnatur]

Comments about ss running out of money and the retirement age going up
Meanwhile we send hundreds of billions to other countries!
Everyone of us that paid in should be outraged!!!

[philliprose]

Never underestimate the governments ability to take something simple and screw it up and make it complicated!

[BullseyeBob]

I took it at 62. The break even I calculated was about 77 years old. If I make it that far with all the craziness, Covid and god knows what that’s coming let alone SS bankruptcy. I figured get what you can as fast as you can and know that your expenses will be severely less than at 62 once you are in your 70s. So far, my plan has worked to perfection. 👍