These Are the Only 2 Ways to Reverse Taking Social Security Too Early
You're typically eligible for Social Security benefits at age 62, but Social Security rewards those who wait.
Delaying benefits until your full retirement age (FRA), which is 66 ½ or 67 depending on when you were born, ups your monthly benefit by about 30%. Your benefits increase by another 8% for each year you wait between your FRA and age 70, which is when they max out.
But a lot of people choose not to wait. The most popular age to claim Social Security is 62 for both women and men, according to the Center for Retirement Research. Just 5% of men and 7% of women wait until age 70 to take benefits.
Source Fool.com
