Here's Why You Should Start Claiming Social Security Benefits Early

You can start receiving income sooner

It's available as early as age 62

Benefits are reduced compared to waiting but you receive more lifetime payments

Can supplement lost income if you retire early

Good option if you have health issues or family history of shortened lifespan

Allows you to invest the money for potentially higher returns

Receive spousal or child benefits if eligible

Pay down debt or make major purchases with the extra income

Peace of mind knowing your retirement income has started

If you wait and rules change, your benefits could be lower