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Here's How to Squeeze an Extra 24% Out of Social Security


Americans who are eligible for Social Security retirement benefits can choose to start receiving theirs at any point between the ages of 62 and 70. However, you have a full retirement age for Social Security purposes, and for people born in 1960 or later, this age is 67.

If you choose to claim Social Security before you reach full retirement age, your benefit will be permanently reduced. On the other hand, if you choose to wait, your benefit will gradually get higher.

Image source: Getty Images.

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Source Fool.com


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