Dave Ramsey urges retirees to claim Social Security at 62

9 articles · Updated · FinanceBuzz · Apr 30

The finance host says early filing can suit debt-free savers, especially people with health problems or immediate income needs, despite the roughly 30% reduction in monthly benefits.
He argues starting sooner provides more lifetime payments and can reduce stress while retirees are healthy, and says some can keep working, invest the checks and delay drawing down retirement accounts.
Ramsey's view runs against standard advice to wait, often until 70, for larger monthly payments; the best choice still depends on life expectancy, earnings limits, risk tolerance and personal finances.

With Social Security facing future cuts, is it wiser to claim benefits early and invest them, or wait for a larger, uncertain payout?

A proposed 'Six Figure Limit' could cap benefits. How does this reform change the math on claiming Social Security early versus late?

Claiming Social Security at 62 leaves a three-year health insurance gap. How can retirees afford coverage before Medicare kicks in?