The Hidden Cost of Claiming Social Security Too Early
Social Security benefits can be claimed starting at age 62, but there are some high costs to an early claim.
Overview
You have a choice about when you claim your Social Security retirement benefits. They become available to you for the first time at age 62, and that remains a popular age to claim because many people are eager to start.
However, there are undoubtedly some high costs to starting benefits right away. And while some of them are obvious and hit you immediately, there are also hidden costs that many retirees don't think about when they jump into collecting payments.
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Details
Source
Originally published at www.fool.com.
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