Claimed Social Security at 62? Try This to Increase Your Benefits

A lot of people sign up for Social Security as soon as they become eligible at 62, but not all of them realize that doing so comes at a cost. It shrinks your checks and it could cost you tens or even hundreds of thousands of dollars over the course of your retirement.

That doesn't mean it's a mistake for everyone. But if you regret signing up for Social Security right away, you should know there is something you can do to boost your benefits.

Image source: Getty Images.

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Source Fool.com