If there are two things many retirees dream of, they’re claiming Social Security early and moving to a new place.

But would you believe there’s a connection between the two? It’s true. As covered here, one of the top tips a senior can use when claiming benefits early is to take advantage of geo-arbitrage.

If you claim benefits early, you’ll have a lower payment amount. The solution? If you move to a place with lower costs of living, it will offset this number and leave you with more money in your pocket.

You can also use this trick to maximize benefits even if you claim as early as possible.

No matter where you move, keep NORA close by. Follow us on Facebook and Twitter for more retirement content.