The #1 Social Security Mistake Most People Make (And It Costs Them Thousands)

Source The Motley Fool

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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The $23,760 Social Security bonus most retirees completely overlook

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.

One easy trick could pay you as much as $23,760 more... each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we're all after. Join Stock Advisor to learn more about these strategies.

View the "Social Security secrets" »

The Motley Fool has a disclosure policy.

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.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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