Why Social Security Checks Get Smaller After 65
You can claim Social Security retirement benefits starting at 62, and many people choose to do that, or to claim shortly after eligibility.
An early claim relative to your full retirement age will shrink your monthly check, but a good number of workers are willing to accept that trade-off because they want to retire early and need Social Security to help them do it.
One thing you should be aware of, though, is that your net income from Social Security checks is most likely going to shrink starting at 65. Here's why that's the case for many seniors, what you should do to plan for it, and why it is not necessarily always a bad thing.
Source Fool.com
