How COVID-19 Might Impact Your Social Security Filing
Seniors who are eligible for Social Security are said to get an eight-year window to sign up for benefits that starts at age 62 and ends at age 70. The reality is that that window lasts longer than eight years since seniors aren't compelled to claim benefits by age 70 if they haven't done so already. However, there's no financial incentive to delay past that point, so 70 is generally considered the latest age to sign up.
Meanwhile, the age at which you claim benefits will determine what your monthly payments look like for life. If you file at full retirement age, or FRA, you'll get the exact monthly benefit you're entitled to based on your 35 highest-paid years in the workforce. FRA is either 66, 67, or 66 and a specific number of months, and it's based on the year you were born.
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Source Fool.com
