“It’s never too late to retire early”

If you claimed Social Security at 62, try this to increase your benefits

Many people sign up for Social Security as soon as they become eligible at 62, but not all of them realize that doing so comes at a cost. It shrinks your checks, and it could cost you tens or even hundreds of thousands of dollars throughout your retirement.

That doesn’t mean it’s a mistake for everyone. But if you regret signing up for Social Security right away, you should know there is something you can do to boost your benefits.

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Gordon Fox is the editor of investinglate.com and writes about Investments, Savings, and how to make the most of your money