Claiming Social Security Early Because of Poor Health? It May Not Be a Good Idea for This Reason.
There's a reason so many seniors grapple with their Social Security filing decision. Although your lifetime earnings determine what monthly benefit you get, your filing age also plays a role in finalizing that number.
At full retirement age, which is 67 for anyone born in 1960 or later, you're entitled to your complete monthly Social Security benefit without a reduction. Filing early, which you can do starting at age 62, will reduce your monthly benefits, while delaying your claim past full retirement age will grow your benefits up until the age of 70.
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Source Fool.com
