3 Rules You Must Know If You're Putting Off a Social Security Claim

Much of what you read on the internet about Social Security suggests that a delayed benefits claim is the way to go.

A delayed claim means putting off filing for your first retirement check even after becoming eligible for a payment at age 62. Waiting beyond the time that payments first become available can result in a benefits increase that can pay off for you later in life. And a small majority of retirees get more lifetime benefits if they put off their claim, so there's good reason so many experts advise delay.

But before you forgo income you could be eligible for, there are three key rules you must know that could affect your choice.

Source Fool.com