Jose Luis Pelaez Inc
Retirees can boost their Social Security payments substantially by avoiding one costly, yet common, mistake.
Americans can claim Social Security benefits as early as age 62. While it may be tempting to begin receiving that monthly income as soon as possible, retirees could leave a lot of money on the table by doing so.That’s because Social Security payments are larger the later retirees claim them.Someone who claims at age 62 would get a monthly check that’s 30% smaller than someone claiming at “full retirement age,” according to the Social Security Administration. Full retirement age is 67 for […]
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