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Simple Social Security mistakes that will hurt you badly

The age at which you claim your Social Security benefits is among the most important financial decisions you will make in your lifetime. Unfortunately, far to many people cavalierly claim benefits without really evaluating the financial impact of their decision. Simply stated, claiming early means a smaller benefit for the rest of your life; delaying benefits is not a good choice if you’re in poor health; and not considering your spouse’s future benefits could hurt your widow or widower. This Motley Fool article by Maurie Backman describes three bad decisions which you will come to regret. Click here to read more.

Also, if you’re unsure about your individual situation under Social Security or have questions about your personal benefit entitlements, note that the AMAC Foundation provides an independent free-to-the-public Social Security Advisory service to help Americans navigate the complexities of this program. Learn more about it here…

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