2. You’re in Poor Health

Though you’ll be getting less money per month if you claim early, it’s important to know that in actuality you’ll be getting the same amount of money in total during retirement. That’s because the program is designed to try and calculate your lifespan too. Claiming early is simply meant to stretch your resources for longer.

But what happens if your health isn’t what it used to be? In that case, you might pass away earlier, which is why claiming early could be beneficial. After all, it’s money you’re entitled to and you should use it for as long as you have, not let it sit in an account until it’s too late.

In this case, claiming your benefits when you turn 62 is a no brainer, especially if the money could go towards out of pocket medical expenses.