Claiming Early or Claiming Late: Which Is the Bigger Social Security Timing Mistake?
The choice you make will have major consequences for your retirement.
Claiming Early or Claiming Late: Which Is the Bigger Social Security Timing Mistake?
Overview
If you look for arguments to support claiming Social Security at 62, you'll find them. The same goes for delaying Social Security until you qualify for your largest benefit at 70. This can leave you pretty confused when deciding when to sign up.
The truth is, early and late claiming each have their own pros and cons. The right choice for you depends on what trade-offs you're willing to make. Here's a closer look at what happens when you claim early versus claiming late.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
