3 Reasons to Claim Social Security Benefits Early
For many retirees, Social Security benefits can make the difference between a financially secure retirement and a challenging one. Approximately 64% of retirees consider their monthly checks a major source of income in retirement, according to a report from the Society of Actuaries, so it pays to ensure you're maximizing your benefits.
One of the most important factors to consider when it comes to Social Security is the age you begin claiming. The size of your checks will depend on the age you file for benefits, and the earlier you begin claiming (as early as age 62), the less you'll receive each month. However, there are a few reasons why claiming early can be a smart retirement move.
Image source: Getty Images.
Source Fool.com
