Claimed Social Security Too Early? Here's Some Good News.
Waiting until full retirement age to sign up for Social Security means avoiding a reduction to your monthly benefits. If you're someone who expects to be pretty reliant on Social Security for retirement income, that's an important thing.But it's not always so easy to sit tight on Social Security until full retirement age arrives (which is 67 for anyone born after 1960). For one thing, you might be forced out of a job sooner than expected due to layoffs or issues with your health. Or the stress of your career might get the better of you and drive you to resign.Image source: Getty Images.Continue reading
Waiting until full retirement age to sign up for Social Security means avoiding a reduction to your monthly benefits. If you're someone who expects to be pretty reliant on Social Security for retirement income, that's an important thing.
But it's not always so easy to sit tight on Social Security until full retirement age arrives (which is 67 for anyone born after 1960). For one thing, you might be forced out of a job sooner than expected due to layoffs or issues with your health. Or the stress of your career might get the better of you and drive you to resign.
Image source: Getty Images.