Retiring at age 62, rather than the full retirement age of 67, carries significant financial and cognitive risks for Americans. This earlier retirement locks in a permanently lower Social Security benefit, approximately 30% less than waiting until full retirement age, and stretches the period of vulnerability to market downturns by five years. Furthermore, research suggests that early retirement can accelerate cognitive decline, making complex financial decisions more challenging when they are most critical. AI
RANK_REASON The article discusses research and financial implications of retirement timing, offering analysis and opinion rather than a new release or event.
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