1 Reason to Claim Social Security Early If There's Another Market Crash
Choosing when to file for Social Security benefits is an important decision, particularly if you expect to depend on your monthly checks for a substantial portion of your retirement income.
The age at which you begin claiming benefits has a direct impact on the amount you receive each month. By claiming as early as possible at age 62, you'll receive smaller checks. But if you wait until age 70 to file for benefits, you could potentially receive hundreds of dollars more per month.
On the surface, delaying benefits may seem like the best move in order to maximize your monthly checks. But there's one good reason to consider claiming early -- it could help your savings last longer if the market crashes.
Source Fool.com
