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Don't Claim Social Security If You Can't Answer These 3 Questions


It's normal to be eager about signing up for Social Security benefits. You've spent decades paying into the program, so of course, you want to reap the rewards. But rushing to sign up can actually cost you in the long run. Before you fill out that application, take a minute and make sure you know the answers to the three questions below.

The age you claim Social Security at dictates the size of your monthly checks. You can sign up as early as 62, but if you want the full benefit you're entitled to based on your work history, you must wait until your full retirement age (FRA) to sign up. More on that below.

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Source Fool.com


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