Should You Claim Social Security Early if You're Worried About Your Health?
Many factors need to be taken into account when deciding when to claim Social Security. For most people, waiting to start benefits until well after the earliest eligibility age of 62 is advisable. Doing so can result in a higher monthly income and a better chance of maxing out lifetime benefits.
But there's a common caveat when experts advise waiting to start benefit checks. Because a delayed claim can take a while to pay off since you'll forgo years of potential income, many experts advise an early claim if you have health issues and are concerned about passing away young.
If this is your situation, it's important to think very carefully about whether filing for Social Security checks ASAP is really the right move.
Source Fool.com
