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

2. You’re Still Working

Anyone is allowed to collect benefits while working, but that doesn’t mean you should. The reasons for this are twofold. As we’ve already discussed, you’ll be cutting your checks down for doing so early.

But another reason why you shouldn’t do this is because you’ll experience another cut if you claim before you reach retirement age and if your wages go over a certain amount. The best thing for you to do is to wait for a few more years.

Not only will you get more money, but you’ll also be avoiding slashing your finances while doing so.

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Your email address will not be published.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

10 Most Tax-Friendly States For Retired Taxpayers

3rd Best: District of Columbia The downside: Living in this not-quite-a-state is definitely not cheap,…

Read More →

The Best Places to Retire If You Can’t Save Up $1 Million

Memphis, Tennessee If music is a big part of your life, consider Memphis. You can…

Read More →

22 Part-Time Jobs If You’re Retired But Full of Life

Wine Tasting Room Host If you enjoy the occasional glass of wine, you can now…

Read More →
A senior couple reviews financial plans on a tablet in a bright, modern kitchen.

11 Social Security Mistakes That Could Ruin Your Retirement

Discover the most critical Social Security claiming mistakes, from triggering the earnings penalty to miscalculating…

Read More →

10 Sunny Places to Retire To

Las Cruces, New Mexico – This city’s motto is “Stay Sunny”, so as you can only…

Read More →

12 of the Fanciest Retirement Home Communities and Their Rent Prices

Explore 12 of the fanciest luxury retirement communities in the U.S., including entrance fees, monthly…

Read More →
A happy senior couple walks through a sunny town square, symbolizing a comfortable and affordable retirement.

These 23 Budget Cities Help Seniors to Retire With $1500/Month

Discover the 23 most affordable retirement cities in the US where seniors can live comfortably…

Read More →
A happy senior couple laughing in a bright, modern living room with large windows.

12 Alternatives to Retirement Homes

Explore 12 practical alternatives to traditional retirement homes, from aging in place and cohousing to…

Read More →

15 Best Retirement Cities With the Most Seniors

Mountain Home, Arkansas Make a home in Mountain Home! It won’t be difficult, with housing…

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.