Turning 62 in 2021? Claiming Social Security Could Cost You $5,400 a Year

Turning 62 in 2021? Claiming Social Security Could Cost You $5,400 a Year

If you're turning 62 in 2021, congrats -- you've reached the age when you become eligible for Social Security retirement benefits. Although you can claim Social Security at 62, doing so would mean accepting a reduction in benefits due to early filing.