As we approach 2026, it’s crucial to plan your finances, especially if you’re considering claiming Social Security. Here are three key steps to take if you’re planning to claim benefits next year. First, determine your monthly benefit by checking your earnings statement online. Second, understand the impact of filing early on your benefits, with reductions ranging from 6.67% to 30%. Lastly, assess your savings to see how much Social Security income you’ll need to cover your expenses. Taking these steps will help you make an informed decision and ensure you’re financially prepared for the future.

Read more at NASDAQ Stock Market: Planning to Claim Social Security in 2026? 3 Things to Do Ahead of Time.