Should You Take Social Security at Age 62 and Invest it?

This video discusses the pitfalls and benefits of taking Social Security at age 62 and invest it versus waiting until Full Retirement Age.

About 2/3rd of retirees take Social Security before Full Retirement Age. For many of them it is the wrong decision. A portion of them take the funds early and invest the proceeds. The reason is a combination of distrust in the Social Security system, expectation that they can outperform the SS payment growth benefits of waiting, or just an general belief that a bird in the hand is worth two in the bush...

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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.