5 Scenarios Where Claiming Social Security Early Is a Terrible Move
As of June, the average retired worker was bringing home $1,514 a month from Social Security. This works out to almost $18,200 a year. All things considered, this isn't very much -- but for 62% of retired workers receiving a Social Security benefit, their monthly payout will account for at least half of their income.
The critical role Social Security plays during retirement for so many elderly Americans demonstrates just how important your claiming decision can be.
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Source Fool.com
