3 Factors You Must Consider Before Claiming Social Security

Though Social Security is a program that's loaded with strict rules, one way it's not so strict is that seniors get choices on when to sign up. The earliest you can claim your benefits is age 62, and while there's technically no end date for signing up, it doesn't make financial sense to delay your filing past the age of 70.

Still, it's important to claim your benefits strategically, since chances are they'll end up being an important income source for you throughout retirement. Here are three essential factors that should play into your Social Security filing decision.

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Source Fool.com