4 Ways Claiming Social Security Benefits Early Could Work for You
When financial professionals talk about "maximizing" your Social Security income, generally what they're really advising is that you wait as long as possible before claiming your benefits.
Often, that makes perfect sense. After all, if you start your retirement benefits at age 62 (the earliest you can file), your monthly amount will be up to 30% less than it would be if you waited until your full retirement age. And that reduction is permanent. On the flip side, for every year you wait to file after your full retirement age -- until you reach age 70 -- you'll get an extra 8% in delayed retirement credits.
Waiting can make
