Social Security is the largest source of income for many retirees and a critical monthly money stream available to all Americans who have paid into it for 10 or more years. Understanding the program is important to maximizing benefits, but claiming rules are complicated. If people aren’t knowledgeable enough about Social Security, the decisions they make about it can prove costly.
I’ve helped hundreds of pre-retirees determine when they want to start Social Security. Here are the top three reasons I see people choose to delay, and the top three reasons I see people choose to take it early.
