Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

5 Pros & Cons for Claiming Social Security Early

April 7, 2020 · Retirement Life

1. You’re Not Working Anymore

When you claim benefits early, you’re signing up for a lifetime of lower income, but even ‘less money’ is better than ‘no money’.

This goes for those who left the workforce early, either by choice or not. Without a sustainable income, making ends meet would be impossible and could lead you to fall into debt, which is the last thing you need during retirement.

This goes doubly so if you’re looking after your spouse, in which case putting off your Social Security should be the last thing on your mind. Your benefits could help with monthly bills and could supplement your savings, even if you’re not claiming quite as much as you would have liked.

Pages: 1 2 3 4 5 6 7 8 9 10 11 12

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A panoramic view of the twin crater lakes of Sete Cidades in the Azores, featuring one blue and one green lake surrounded by lush green hill 9 Scenic (and Cheap) Destinations That Rarely Disappoint
  • A retiree looks out over a lush tropical valley at sunset from a terracotta balcony, holding a coffee mug. 10 Best Countries to Retire Abroad in 2027
  • A retired couple stands amidst moving boxes in their living room, bathed in warm afternoon sunlight during their relocation process. 8 Common Relocation Mistakes Retirees Tend to Make
  • 7 Costco Items Worth Buying in Retirement Because They Actually Lower What You Spend Each Month
  • A retired couple at a kitchen table looking at a map and tablet, planning their next move to a surprise retirement destination. 8 Places That Surprise Retirees in the Best Possible Way
  • A panoramic watercolor illustration showing a transition from green mountains to red deserts and blue lakes. 11 Nature-Filled Destinations Perfect After 60
  • A retired couple sits on a coastal bench in Maine at twilight, looking out at a harbor with lobster boats. 9 Charming Northern Spots for Retirement
  • A stylized gouache illustration of a western landscape featuring mountains, red rock mesas, and pine forests under a warm afternoon sun. 10 Western Retirement Spots with Incredible Lifestyle Appeal
  • Three active seniors walking through a vibrant, sunlit downtown plaza with a dog and coffee, representing a fulfilling retirement lifestyle. 9 Places Where Seniors Are Finding More Things to Do
  • A senior man at a kitchen table early in the morning, looking at a laptop with a financial graph, representing proactive retirement planning Social Security's 2027 COLA Forecast Just Changed - Here's What Retirees Should Know

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

A senior man at a kitchen table early in the morning, looking at a laptop with a financial graph, representing proactive retirement planning

Social Security’s 2027 COLA Forecast Just Changed – Here’s What Retirees Should Know

The 2027 Social Security COLA forecast has shifted. Learn how changing inflation metrics impact your…

Read More →

U.S. Cities Where It’s Possible to Retire by 40

If you’re dreaming of retiring early and spend the rest of your life in a…

Read More →
A retired couple in hiking gear stands on a rocky mountain overlook, gazing at a vast valley with a winding river and snow-capped peaks.

12 Best States in America for Retirees Who Love the Outdoors

Discover the 12 best states in America for active retirees who love the outdoors, balancing…

Read More →

6 States That Are Perfect for Healthy and Active Seniors

5. Colorado The Centennial State has the third-lowest obesity rate among seniors in the nation,…

Read More →
A retired couple looking at a map on a sunny balcony overlooking a beautiful coastal town.

10 Countries to Retire Where $150K Is More Than Enough

Discover how a $150,000 nest egg combined with Social Security can fund a comfortable, vibrant…

Read More →

22 Ways to Protect Your Retirement From a Possible Recession

Whatever You Do, Don’t Panic “Even if you’ve just retired or you’re planning to retire…

Read More →
A retired couple in a sunlit kitchen, one looking at a travel brochure and the other staring out the window, illustrating the shift in relat

8 Things Couples Argue About More After Retirement

Discover the most common sources of conflict for retirement couples and learn practical strategies to…

Read More →
A retired couple looking out from a balcony during golden hour.

30 Dangerous Things to Your Retirement

Discover the 30 most dangerous threats to your retirement savings, including hidden tax traps, Medicare…

Read More →

10 Things You Can Use Your Health Savings Account For

If you have a qualified high-deductible health insurance plan, you can open a health savings…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.