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3 Signs You're Ready for Your First Social Security Check in 2021


Millions of Americans will become newly eligible for Social Security in 2021, but being eligible isn't the same as being ready to claim. If you want to get the most money from the program, you need to make an educated decision about when to sign up that's grounded in an understanding of how your Social Security benefits are calculated. Below are three signs that you're ready to begin Social Security this year.

Age is one of the most significant factors in determining the size of your Social Security checks and your lifetime benefit. You can start receiving Social Security as early as 62, but if you want the full benefit you've earned based on your work record, you must wait until your full retirement age (FRA). That's 66 or 67, depending on your birth year. 

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Source Fool.com


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