Early Social Security? Big Trade-Offs | Business and Finance News

Claiming Social Security at sixty-two might seem like a quick cash fix, but it comes with steep long-term costs: permanently lower monthly benefits, smaller cost-of-living adjustments that can’t keep up with inflation, and the earnings test that penalizes you if you’re still working—losing a dollar for every two earned until you hit full retirement age. Waiting just a few years can dramatically boost your payments and secure your retirement. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6f4ad1a16e1fc497