Dave Ramsey to Baby Boomers: 'Start Social Security at 62 and Invest Wisely' – Why This Is Your Best Move

Dave Ramsey to Baby Boomers: 'Start Social Security at 62 and Invest Wisely' – Why This Is Your Best Move

Key Points Dave Ramsey advises claiming Social Security at 62 despite a 30% benefit cut to invest the funds for potentially higher returns. Early claimants who continue working lose $1 in benefits for every $2 earned above $23,400 annually until full retirement age. This strategy requires sufficient savings to cover living expenses while investing Social Security income. If you’re focused on picking the right stocks and ETFs you may be missi…

Should You Claim Social Security at 62? Dave Ramsey Says Only in These Cases

Learn what Dave Ramsey says about when you should file for Social Security early, when you should delay, and when early filing becomes the least bad option.