Sometimes it’s smart to claim Social Security early
When it comes to claiming Social Security, most financial advisors will recommend that you wait as long as you can, because the longer you wait the larger your benefit will be. In fact, waiting until you reach age 70 can get you as much as 32% more in your monthly benefit payment. Nevertheless, while there are times when claiming your benefit early makes the most sense, according to this CNBC article by Lorie Konish, those circumstances are limited. In the article, the author explains when claiming benefits early is the right choice, and when it make more sense to wait to apply for your Social Security benefit. Click here to read more.