There are a variety of reasons why Americans claim Social Security before reaching full retirement age, and to be fair, some of the reasons are good ones. But in many cases, claiming Social Security before necessary can be a costly mistake, as Matt Frankel, CFP®, discusses in this video.
*Stock prices used were the morning prices of May. 22, 2026. The video was published on March 23, 2026.
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If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known "Social Security secrets" could help ensure a boost in your retirement income.
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View the "Social Security secrets" »
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Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.