There's Good News and Bad News About Social Security for Future Retirees

If you haven't reached age 62 yet, you aren't eligible for Social Security retirement benefits -- but you will be in the future, as long as you work long enough. These future retirement checks will likely be an important source of income, and it's important to know how they work and what they're likely to do for you in your senior years.

In particular, you should be aware that there's good news and bad news when it comes to a key Social Security rule that affects the size of your benefit checks. 

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Source Fool.com