Dave Ramsey advocates for claiming Social Security at 62 instead of delaying it, which contrasts with the majority of financial experts who recommend waiting to maximize benefits. He emphasizes that early claiming enables immediate investment opportunities that can lead to higher returns. Although there are risks associated with this strategy, Ramsey believes that in certain scenarios, particularly for those who are behind on retirement savings, claiming early may be beneficial. His unconventional views challenge common financial wisdom about credit scores and Social Security claiming strategies.
Dave Ramsey states that claiming Social Security at age 62 enables individuals to invest immediately, which may yield a better return on investment than waiting.
While many financial experts advocate for delaying Social Security to maximize lifetime benefits, Ramsey's perspective focuses on early claiming to leverage investment opportunities.
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