Three key things you need to know about Social Security benefits.

If you do not know these things about your benefits, your benefits can be reduced. This reduction in benefits can last for the rest of your lives. Here are three pitfalls to avoid in taking your benefits.

The key points to remember
1.       Postpone taking your benefits for as long as possible. By doing so, you and your spouse will receive a larger amount over the course of your lifetimes.
2.      If you continue to work and make too much money after you start taking benefits, you can temporarily reduce the amount of your benefits.
3.      We suggest that you seek the advice of a retirement specialist who can help you find your way through these rules of Social Security benefits to maximize your Social Security distributions to the largest extent.

Three pitfalls
1.       Taking money