Why Full Retirement Age Is So Important For Social Security
As most people are aware, you can start taking your Social Security benefit as early as 62. You can also delay taking benefits until you are 70. In between 62 and 70 is what’s called your “Full Retirement Age.”
Understanding the distinctions of “Full Retirement Age” is an integral part of your claiming strategy.
There are basically four factors that determine your claiming strategy and ultimate amount of lifetime benefits you will receive. Three of which you can control and one you cannot.
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