Key Factors to Consider for Early Social Security Claiming
Monday, 25 March 2024, 09:09
3 Reasons to Opt for Early Social Security Claiming Despite Limited Savings
Sometimes, signing up early makes sense even when you're not independently loaded. There's no such thing as a right age or wrong age to claim Social Security. Rather, your filing decision should hinge on a variety of factors that are personal to you.
- Your health is poor: Claiming early might be financially beneficial if you're unlikely to live a long life.
- Your job is harming your health: If your job impacts your well-being, early claiming could be advantageous.
- You want to start a business: Consider early claiming if it helps kickstart a business venture.
Claiming Social Security early isn't the right decision for everyone. But if these situations apply to you, you may find that filing early is a move you don't end up regretting one bit.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.