Your full Social Security retirement age is between 66 and 67 years of age, depending on the year you were born, but you can start collecting benefits as early as age 62. In this video, Certified Financial Planner® Matt Frankel discusses what happens to your monthly benefit checks if you decide to claim your retirement benefit early.
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What Happens If You Claim Social Security Early?
Here's what to expect if you claim Social Security before reaching your full retirement age.
The Motley Fool has a disclosure policy. Matthew Frankel, CFP, is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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