As we’ve discussed, many people wonder whether they should claim Social Security early.

In most cases, the answer seems cut and dry. You can get higher payments by waiting to claim your benefits. However, you can exit the workforce quicker by claiming early.

But is there a way to claim early and enjoy more money? According to one financial expert, yes.

As University of Alabama finance professor Robert Brooks explains by way of ABC, seniors can claim benefits early and then invest them. Wise moves with your portfolio can create years of compounding interest. The result is a higher amount of money than you would’ve had if you’d waited to claim.

It just goes to show there are many great ways to plan your retirement. For more news and tips like this to help you on your journey, follow us on Facebook and Twitter.