Here's a Great Reason to Claim Social Security Long Before Age 70
Choosing a filing age for Social Security is one of the most important retirement decisions you might make, right up there with figuring out what Medicare coverage to sign up for and managing withdrawals from your retirement savings. That's because your filing age, coupled with your earnings history, will determine what monthly benefit you get from Social Security for the rest of your life.
The earliest age to claim Social Security is 62. But you don't get your complete monthly benefit without a reduction until full retirement age arrives. Social Security's full retirement age is 67 if you were born in 1960 or later.
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Source Fool.com
