2 Situations When a Delayed Social Security Claim Will Definitely Cost You Money

You can claim Social Security benefits at any time between the ages of 62 and 70. Your claiming age affects the amount of money you get each month. And since your check size changes based on when you get your first payment, your choice of when to start benefits can affect your lifetime income. 

It can be difficult to decide if you are better off claiming Social Security ASAP -- which would mean you get more checks than those who delay, but which relegates you to getting smaller payments -- or if you should delay to earn larger monthly payments, even though that means getting fewer checks over your lifetime.

But while this choice can be complicated, there are two circumstances where a delayed claim definitely won't pay off. 

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Source Fool.com