Social Security: 3 Reasons You May Receive Less Than You Expect

Social Security benefits can potentially make or break retirement for many older Americans, so it's wise to have a strategy to ensure you're receiving as much as possible. There are several factors that can affect the size of your monthly payments, many of which you can control. While everyone's situation is different, there are a few reasons you may not receive as much as you're expecting each month.

One of the biggest factors affecting your benefit amount is the age at which you file for Social Security. The only way to collect the full benefit amount you're entitled to, based on your work record, is to wait until your full retirement age (FRA) to begin claiming.

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Source Fool.com