3 Retirement Decisions You Might Sorely Regret
Many of us have a good idea of what we want retirement to look like well before that milestone arrives. But the moves we make ahead of retirement could change that picture for the worse. Here are three specific decisions that could really come back to bite you during your senior years.
You're entitled to your full monthly Social Security benefit, based on your earnings record, once you reach full retirement age. That age is either 66, 67, or somewhere in between, depending on the year you were born. The Social Security Administration will allow you to claim benefits much sooner than that -- you can sign up once you turn 62.
But for each month you file ahead of full retirement age, your benefits will be reduced on a permanent basis. That's a hit to your income you might think will be worth it, only to change your mind after the fact.
Source Fool.com
