3 Numbers That Could Change Your Mind About Claiming Social Security Early
The convenient thing about Social Security is that you get a range of ages during which you can sign up. You can first file for benefits once you turn 62, or you can wait until full retirement age to sign up and avoid a hit to your benefits.
Full retirement age is 67 for anyone born in 1960 or later. If you were born earlier, that age may be 66, or 66 and a specific number of months.
There's also the option to delay your benefits past full retirement age and boost them by 8% a year in the process. But that's not an option most seniors exercise.
Source Fool.com
