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Social Security: The Most Critical Questions to Ask Before Claiming Benefits
In some ways, it would probably make seniors' lives easier if Social Security were to just enroll people automatically upon reaching a certain age. In that scenario, seniors would lose the opportunity to boost their benefits with delayed claims. But it would also mean they wouldn't have to rack their brains trying to figure out when to sign up for benefits.If you're trying to figure out when to claim Social Security, your head might be spinning. If you wait until full retirement age, you'll get your benefits without a reduction. If you delay beyond that point, you'll get a boost. If you file early, you'll shrink your benefits for life. So it's a tough call for sure.Image source: Getty Images.Continue reading
In some ways, it would probably make seniors' lives easier if Social Security were to just enroll people automatically upon reaching a certain age. In that scenario, seniors would lose the opportunity to boost their benefits with delayed claims. But it would also mean they wouldn't have to rack their brains trying to figure out when to sign up for benefits.
If you're trying to figure out when to claim Social Security, your head might be spinning. If you wait until full retirement age, you'll get your benefits without a reduction. If you delay beyond that point, you'll get a boost. If you file early, you'll shrink your benefits for life. So it's a tough call for sure.
Image source: Getty Images.
