What are some key rules to bear in mind when deciding how and when to claim Social Security benefits? Morningstar director of personal finance Christine Benz recently discussed this topic with Phil Moeller, co-author of a new book about Social Security called Get What's Yours.
Christine Benz: Let's talk about the three rules to maximize your Social Security benefits that you lay out in the book. The first is to be patient. What are the virtues of potentially delaying claiming Social Security?