Married? Consider These 2 Factors When Claiming Social Security

The decision to claim Social Security isn't an easy one. While waiting until full retirement age (FRA) will make it so you snag your full monthly benefit based on your wage history, it also means not getting your money sooner.

Meanwhile, filing for benefits at the earliest possible age of 62 means getting your hands on that money at a relatively young age. But it also means slashing your benefits in the process.

There's also the option to delay benefits past FRA, which is a mixed bag. Doing so can result in an 8% boost to benefits for each year your filing is put off, up until age 70. But it could also mean having to delay retirement and work longer in the absence of having access to your Social Security income.

Source Fool.com