3 Reasons Your Social Security Benefit Will Be Worth Less Than You Think

3 Reasons Your Social Security Benefit Will Be Worth Less Than You Think

Most Americans expect Social Security to be a major source of retirement income. You can claim your Social Security benefits starting at 62, but must wait until 70 to get the largest benefit available. For each month you claim prior to your 70th birthday, you'll either face early filing penalties (if it's before your full retirement age) or will miss out on delayed retirement credits.