Forced to Retire Early? 3 Things You Can Do to Hold Off on Social Security
Claiming Social Security before full retirement age (FRA) has consequences -- namely, that you'll get stuck with a lower monthly benefit for life. That's why some seniors expressly aim to wait until FRA to file for benefits to avoid that fate.
But what if you're forced into early retirement? You may have every intention of working into your late 60s or early 70s, only to find yourself out of a job by age 62. At that point, you may feel you have no choice but to claim Social Security in order to pay your bills and avoid depleting your nest egg.
Actually, you may have some options for holding off on Social Security even once your job-related paycheck is yanked away ahead of schedule. Here are some worth looking at.
Source Fool.com
