Don't Claim Social Security Benefits Until You Can Answer These 3 Questions
If you're thinking of claiming your Social Security benefits, you may want to take a moment to make certain you're really ready to act. Your claiming choice can be hard to undo, and it affects the amount of money you'll receive for the rest of your life. To ensure you don't make a decision now that you'll regret later, ask yourself these three key questions.
First and most important, you need to know how much income Social Security will actually provide if you claim your benefits now. The amount you'll receive will depend on your age when you start benefits, as well as the income earned over the course of your career.
You can use the Social Security Administration's online calculators to estimate the amount of your benefits or sign in to your online account and get a personalized estimate based on your work history. The closer you are to retirement, the more accurate either the calculator or your individual estimate will be.
Source Fool.com
