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Claiming at 62 Cuts Your Social Security 30% for Life, and It Can Cap Your Spouse’s Survivor Benefit Too

Source: 247wallst.com

Fiscal Policy & BudgetConsumer Demand & Retail
Claiming at 62 Cuts Your Social Security 30% for Life, and It Can Cap Your Spouse’s Survivor Benefit Too

The article cautions that claiming Social Security at age 62 may provide an immediate income benefit but can create long-term financial consequences for both the claimant and their spouse. It emphasizes retirement-income trade-offs rather than reporting a market-moving policy change or economic data.

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