--- title: "Forbes Finance Council: Should You Claim Social Security Early Given The Current Economic Situation?" description: News/Press Article image: https://www.covisum.com/hubfs/%5BSBM%5D%20Blog%20Images/social-security-cards.png --- [Login](https://www.covisum.com/login-experience) | [Call: 402-235-4500](tel:1-402-235-4500) | [Contact Us](https://www.covisum.com/contact) ** [![covisum-logo](https://www.covisum.com/hs-fs/hubfs/covisum-logo.png?width=264&height=41&name=covisum-logo.png "covisum-logo")](https://www.covisum.com/) [![Start Your Free Trial](https://no-cache.hubspot.com/cta/default/2755909/b23743cd-d0df-4907-a66d-293b58ab1164.png)](https://cta-redirect.hubspot.com/cta/redirect/2755909/b23743cd-d0df-4907-a66d-293b58ab1164) [![Contact Us](https://no-cache.hubspot.com/cta/default/2755909/6c6d7fe7-e094-4fc0-9c82-d93d4ccbb532.png)](https://cta-redirect.hubspot.com/cta/redirect/2755909/6c6d7fe7-e094-4fc0-9c82-d93d4ccbb532) # Forbes Finance Council: Should You Claim Social Security Early Given The Current Economic Situation? [IN THE NEWS  |  ](https://www.covisum.com/press/tag/in-the-news)Jul 20, 2020 4:50:29 PM  |  by [Lauren Laferla, Director of Communications](https://www.covisum.com/press/author/lauren-laferla-pr-content-marketing-manager) ![Forbes-Finance-Council_avatar_1523394886-136x136](https://www.covisum.com/hs-fs/hubfs/Graphics%20-%20Social%20Media/Forbes-Finance-Council_avatar_1523394886-136x136.jpg?width=112&name=Forbes-Finance-Council_avatar_1523394886-136x136.jpg)Given the recent market volatility, many Americans are considering claiming their Social Security benefits early to reduce the strain of withdrawals on their retirement portfolio. However, claiming early can have a significant negative impact some some individuals. > "Before you decide to claim Social Security benefits early, you should consider the composition of your household, your lifetime spending goals, and your other income and assets." Covisum Founder and President, Joe Elsasser, CFP®, recently outlined who should consider claiming Social Security benefits early and who should delay in this [article for Forbes Finance Council.](https://www.forbes.com/sites/forbesfinancecouncil/2020/07/09/should-you-claim-social-security-early-given-the-current-economic-situation/#13afc4884f35) ### Share this article [![Share on Facebook](https://static.hubspot.com/final/img/common/icons/social/facebook-24x24.png)](http://www.facebook.com/share.php?u=https%3A%2F%2Fwww.covisum.com%2Fpress%2Fforbes-finance-council-should-you-claim-social-security-early-given-the-current-economic-situation%3Futm_medium%3Dsocial%26utm_source%3Dfacebook) [![Share on LinkedIn](https://static.hubspot.com/final/img/common/icons/social/linkedin-24x24.png)](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.covisum.com%2Fpress%2Fforbes-finance-council-should-you-claim-social-security-early-given-the-current-economic-situation%3Futm_medium%3Dsocial%26utm_source%3Dlinkedin) [![Share on Twitter](https://static.hubspot.com/final/img/common/icons/social/twitter-24x24.png)](https://twitter.com/intent/tweet?original_referer=https%3A%2F%2Fwww.covisum.com%2Fpress%2Fforbes-finance-council-should-you-claim-social-security-early-given-the-current-economic-situation%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&url=https%3A%2F%2Fwww.covisum.com%2Fpress%2Fforbes-finance-council-should-you-claim-social-security-early-given-the-current-economic-situation%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&source=tweetbutton&text=Forbes%20Finance%20Council%3A%20Should%20You%20Claim%20Social%20Security%20Early%20Given%20The%20Current%20Economic%20Situation%3F) ## Recent articles [ ### In The News CNBC: Will My Social Security Be Enough? 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