The 7 Most Common Social Security Mistakes

If you're older than 55, Social Security planning comes front and center as you think about your retirement income picture.

When should you take it? How do you optimize your benefit? How will it affect your taxes?

According to the Centers for Retirement Research at Boston College, 60% of seniors are applying for benefits before full retirement age. It's obviously very difficult to navigate the many options to avoid the biggest Social Security mistakes as you are planning your benefit distribution strategy.

Here are some of the biggest and most common mistakes people make when taking their Social Security.

1. Turning on Social Security at 62 while you're still working.

Collecting your Social Security too early is a common mistake.