3 Ways Claiming Social Security Early Can Backfire
It's arguably the hardest decision senior citizens will ever make: deciding when to begin taking their Social Security benefits.
According to the Social Security Administration (SSA), 62% of today's retired workers generate at least half of their monthly income from the program, meaning a poor claiming choice could wind up costing them a lot of money. Unfortunately, there aren't any concrete guidelines or one-size-fits-all tactics when it comes to taking your Social Security benefit, which makes the decision a combination of science and luck.
Image source: Getty Images.
Source Fool.com
