How Claiming Social Security at 62 Affects Your Monthly Income for Life
You'll end up with smaller checks, but for some, claiming early is the right move.
How Claiming Social Security at 62 Affects Your Monthly Income for Life
Overview
One of the biggest decisions you'll ever make related to Social Security is when to claim your benefits. Claiming early means you'll get smaller checks -- though many more of them -- while delaying claiming can help you maximize your benefit (while receiving fewer checks in total).
Here's a look at how this decision can affect your retirement income.
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Details
Source
Originally published at www.fool.com.
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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.
