Older Americans Say This Social Security Decision Hurt Them Financially
The fact that seniors get to choose their Social Security filing age can be both a blessing and a curse. On one hand, it's nice to have the flexibility to get your money sooner if that need arises. On the other hand, the option to file early could cause seniors a world of long-term financial distress.
When we talk about claiming Social Security early, we mean signing up before reaching full retirement age (FRA), which is 66, 67, or somewhere in between, depending on the year of your birth.
Image source: Getty Images.
Source Fool.com
