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3 Signs You're Claiming Social Security Too Soon


When it comes to Social Security, the timing of your claim matters. Even though your benefits are calculated based on your personal wage history, you only get them without a reduction if you wait until full retirement age to sign up. That age is 67 if you were born in 1960 or later.

But you're allowed to claim Social Security as early as age 62. For many people, filing ahead of full retirement age is an appealing choice. If you're thinking of doing the same, here are a few signs that you may be jumping to file for benefits too soon.

Image source: Getty Images.

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Source Fool.com


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