Nervous about the Market Slump? Don’t Claim Social Security Because of it
With the financial markets free-falling as they have done in recent weeks, many people may be tempted to claim Social Security as a hedge against their market losses. But, slumps such as the financial markets are experiencing now are not at all unusual, and are temporary. But claiming your Social Security benefits early will mean a permanent reduction. As most financial advisors will tell you, the best way to ride out a volatile financial market is to stay calm and not make any irrevocable decisions, as explained in this CNBC Markets article by Lorie Konish. Click here to read more.