'Just really shocking': One of America's top Social Security advisors is unsettled by how many people are withdrawing early

The average Social Security benefit is $2,080 per month in 2026. This is a change from the previous year. The maximum benefit at full retirement age is $4,152 per month. Some financial outlets suggest that claiming benefits at age 62 can make sense in certain situations.

These include financial need or health issues. This trend is notable because early withdrawal can result in reduced monthly benefits. The advisor's comments reflect a broader discussion about financial planning and retirement strategies. The Globe and Mail and 24/7 Wall St. have published articles discussing scenarios where early claiming might be advantageous.

These include immediate financial needs or health concerns. However, the advisor's remarks underscore the potential long-term financial implications of such decisions. The next steps involve monitoring how this trend evolves and whether more advisors weigh in on the issue. The conversation may also shift towards educational initiatives aimed at helping individuals make informed decisions about their Social Security benefits.