If you owe the government money due to previous overpayments on your Social Security checks, expect to see much smaller payments next month.

Key Points The earlier you claim Social Security, the smaller your monthly benefit will be.You must wait until 70 to apply if you want your largest possible checks.There are scenarios where claiming early could actually be the wise choice for you.

If you'd rather not apply online, you can call the Social Security Administration at 800-772-1213 to set up an appointment to apply for benefits. The agent will schedule the appointment and let you know whether you can do it over the phone or if you'll need to go to a local branch to apply.