Mistake No. 3: Do the math before you retire
The closer you get to retirement, you must remember to check your earnings statement, in order to decide if you have enough credits to qualify for Social Security. If you have less than 35 years of earnings, you should consider working an additional year or two, to enhance your Social Security benefits.
Mistake No. 4: Benefiting from Social Security too soon
As soon as you turn 62 years old, you can get your Social Security benefits. For everyone born after 1959, there’s a reduction of 30% for claiming benefits at 62 years old. Even so, the lower benefits are permanent, so your benefits won’t go any further once you reach your full retirement age.
