Claiming Social Security Early? Here’s How That Might Impact Your Retirement Beyond the Smaller Monthly Checks

Why did Tesla stock surge this week? How will Trump’s tariffs impact US businesses? What does the US-UK trade deal mean for consumers? Why is Panasonic cutting thousands of jobs? How are China-US trade talks affecting markets? What caused the recent Newark Airport radar outages? Why are crypto CEO convictions shaking the market? How is ESG policy shaping corporate strategies? Why did Expedia lower its travel demand forecast?

Claiming Social Security Early? Here’s How That Might Impact Your Retirement Beyond the Smaller Monthly Checks

247wallst.com/investing/2025/05/09/claiming-social-security-early-heres-how-that-might-impact-your-retirement-beyond-the-smaller-monthly-checks

Key Points

Filing for Social Security early will mean reducing your monthly benefits for life.

You could be looking at a 30% hit.

Beyond that, an early claim could have a big impact on your savings.

Are you ahead, or behind on retirement? SmartAsset’s free tool…

This story appeared on 247wallst.com, 2025-05-09 11:27:27.