3 Reasons I'll Be Taking Social Security Long Before Age 70

For most investors, the idea of trading time for more money is a familiar one. The more patient you are able to be with your investments, the more aggressive your stock-picking can be because you can ride out periods of temporary volatility. And, more time in the market means more opportunity for your investments to deliver the exponential benefits of compound growth.Patience can work in your favor when it comes to the size of your Social Security benefits as well -- the longer you wait to claim them, the bigger your monthly payments will eventually be.That said, just because a decision can result in a larger nest egg or a bigger monthly retirement benefit, that doesn't inherently make it the best choice for you. For instance, after some serious thought and a bit of number-crunching, I've decided I'm going to claim my Social Security benefits well before I turn 70, even though doing so will permanently reduce the size of my monthly payments. Here are the top three reasons why I'm willing to do this, and why you might want to consider doing the same.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool