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Why You Shouldn’t Claim Benefits too Early
You are able to start claiming Social Security benefits as early as age 62, but starting so early comes with it’s disadvantages. By delaying until a later age you can rack up higher benefits both in monthly payouts and overall lifetime income. Your Social Security checks will keep growing as long as you keep delaying until age 70, at which point you will have reached the highest possible payouts available. If at all possible, it is the most advantageous to wait until the maximum age to start collecting. For more information on this visit this article by Jason Hall with The Motley Fool.
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