You can claim Social Security as early as age 62 if you qualify for benefits, but doing so can be costly. In this short video, Matt Frankel, CFP®, will discuss how your Social Security benefit is calculated and how early retirement can permanently affect it, so you’ll know what to expect.

*Stock prices used were the morning prices of April 9, 2025. The video was published on April 11, 2025.

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The $22,924 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 $22,924 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” »

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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.