When You Claim Social Security Can Have Huge Implications for Your Spouse
It’s unfortunate, but many people don’t have a basic understanding of how claiming Social Security benefits early can haunt them — and their loved ones. For example, 45% of U.S. adults mistakenly believe they can file early for reduced Social Security benefits and then have them restored to a higher level once they reach their full retirement age, according to a 2021 Nationwide Retirement Institute® survey. This isn’t true. Claiming Social Security early locks you in for reduced benefits for the rest of your life.
Another common — and potentially costly —
