Claiming Social Security before age 70 results in a reduced benefit. Early claims can decrease your standard benefit, but there are ways to increase your income later. You can rescind your claim within 12 months, work to forfeit some benefits, earn a higher income, or switch to spousal or survivor benefits. By utilizing these strategies, you can potentially boost your monthly Social Security payments and secure a more comfortable retirement. Additionally, understanding Social Security secrets could help you maximize your benefits and retire with confidence, potentially earning up to $23,760 more per year.

Read more at Nasdaq: 4 Ways to Increase Your Future Social Security Benefit After an Early Claim