The median worker aged 45 to 62 could increase their lifetime spending power by $182,000 by delaying Social Security retirement benefits until age 70.

Drawing Social Security at 62 reduces benefits by 25-30% permanently compared to full retirement age. Waiting until 70 increases monthly benefits by 8% per year past full retirement age. U.S. life ...

There are sound reasons to take Social Security early. While many experts say it's best to wait until full retirement age to claim benefits, here are some reasons to start early.

Dave Ramsey recommends claiming Social Security at 62 instead of waiting until 70. Ramsey argues early claimants can invest the money and grow it into more than larger delayed benefits would provide.