What to Know About Claiming Social Security Early or Delaying Social Security
Social Security retirement benefits are designed to provide a steady income stream in retirement, but the amount you receive depends on when you claim. The decision to claim benefits early, at full retirement age (FRA), or delay past FRA significantly impacts the monthly payments you will receive for the rest of your life. Understanding how early claiming reduces benefits and how delayed claiming increases them is critical for optimizing Social Security as part of a broader retirement strategy. What It Means to Claim Early or Delay Social Security? Claiming early or delaying social security is simply the decision of when…
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