2 Reasons I'll Be Taking Social Security Long Before Age 70

The age you begin taking Social Security will have a lifelong impact on the amount you receive each month. Filing as early as possible at age 62 will reduce your payments by up to 30%, while delaying past your full retirement age will earn you a bonus on top of your full benefit.At first glance, it may seem like waiting until age 70 is the best choice, as it will maximize your monthly payments. While that can be a smart move for some people, there are two important reasons I plan to take Social Security as early as I can.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool