Today a client sent me a link to Don't Need Your Social Security? 1 Reason You Should Claim It Early Anway, by Dan Caplinger of Motley Fool. (I love it when clients forward articles because it helps keep me apprised of what's out there that's catching their attention.)
In the article, Caplinger suggests that "successful investors" who don't need their Social Security to live on should consider claiming it early at 62 and investing it instead.
Now in fairness, Caplinger mentions various caveats: that this is for successful investors, assumes aggressive investment returns, disregards taxes, and disregards potential Social Security clawback if drawing benefits early while still earning income.
My contention is that the slice of population for which this strategy maybe could work is miniscule. And that'd be no big deal, except without better explanation in the article, there will almost certainly be a lot of readers who dangerously elect themselves as this unicorn "successful investor" thinking it applies to them.
So let's run through some issues....