Thinking of Claiming Social Security Before You Retire? Think Again

Who likes losing money? Wait, not you? Then rushing to sign up for Social Security while you're still earning a paycheck probably isn't the best idea. The program is more complicated than a lot of people realize, and there are a bunch of rules that could trip up unsuspecting workers trying to collect some extra cash. Below, I outline three ways claiming Social Security while still working could cost you money, along with when it might be a good idea to do it anyway.

You may decide to sign up for Social Security at 62 just because you can, but it's not the wisest move if you expect to have a fairly long life, especially if you still have a job and don't need benefits to help you cover your expenses.

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Source Fool.com