Social Security: Nearly 90% of Americans claim benefits before 70, risking a loss of $100,000+ in lifetime income. Experts warn claiming early may feel convenient, but it can drastically reduce retirement funds. Waiting until age 70 could increase monthly payments by up to 24%, yet most retirees prioritize immediate cash or fear program instability. Understanding the timing of Social Security benefits is now more critical than ever. Don’t let a simple mistake cut your retirement savings.
