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5 Social Security Tips for 2020 -- and Beyond


Whether you're planning to file for Social Security in the coming year or at some point down the road, it helps to understand the ins and outs of the program so you can make the most of your benefits. Here are a few key tips that'll help you do just that.

Full retirement age isn't the same for everyone; it's a function of the year you were born. Being aware of that age is important, though, because it's when you're entitled to collect your full monthly Social Security benefit. Though you can file for Social Security before full retirement age, doing so could end up shrinking your benefits for life.

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Source Fool.com


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