When it comes to signing up for Social Security, you get a nice amount of freedom. You can begin taking benefits as early as age 62, or you can delay your filing all the way until age 70 for a higher monthly payday.

In fact, you don't even have to claim Social Security at age 70. There's just no financial incentive to delay your filing beyond then.

Now you should know that once you reach full retirement age, you're entitled to your complete monthly Social Security benefit based on your personal earnings history. And that age is 67 for anyone born in 1960 or later.

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Source Fool.com