Claiming Social Security Early Is Costly for Everyone, but These Seniors Pay the Biggest Price
You don't want to sign up for benefits without understanding this.
Claiming Social Security Early Is Costly for Everyone, but These Seniors Pay the Biggest Price
Overview
If you want the most Social Security checks possible, signing up as soon as you become eligible is your best move. But if you want the largest lifetime benefit, that might not be the best choice.
Claiming Social Security early -- that is, before your full retirement age (FRA) -- shrinks your benefits, and the loss is usually permanent. This is costly for all early claimants, though one group pays a steeper price than the rest.
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Details
Source
Originally published at www.fool.com.
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