Should You Take Social Security at 62?

Should you take Social Security at 62? Almost every piece of advice out there says to wait as long as possible. Sometimes that's exactly right. But sometimes it isn't, and most people never hear the other side of the argument. In this video, I walk through five reasons collecting at 62 might make sense for your situation, and why "always wait" is incomplete without the full picture: 1. Your health and life expectancy 2. The portfolio opportunity cost of delaying 3. When you need the income now 4. Collecting early and investing the difference 5. The flexibility to adjust after you start I also cover where waiting genuinely wins, because the answer isn't a blanket rule in either direction. It's a planning decision. This is Part 1 of a Social Security series. Future episodes will cover different claiming ages and more specific scenarios, so subscribe to catch them. If any of this resonates, feel free to reach out: erdmanfinancialgroup.com/erdman-contact 00:00 Intro 00:59 What You Actually Need To Understand First 02:05 Reason 1: Your Health And Life Expectancy 02:57 Reason 2: The Portfolio Opportunity Cost 03:59 Reason 3: You Need The Income Now 04:40 Reason 4: The Collect and Invest Scenario 05:32 Reason 5: The Flexibility to Adjust 06:33 The Other Side of the Argument 07:09 Next Steps 07:47 Final Thoughts Ken Erdman | Erdman Financial Group #SocialSecurity #RetirementPlanning #FinancialPlanning #Retirement #PersonalFinance