3 Reasons to Undo Your Social Security Filing

One nice thing about Social Security is that you get a choice of when to file for benefits. You're not locked into one specific age.

The earliest age you can claim benefits is age 62. But you won't be entitled to your full monthly benefit based on your earnings history until you reach full retirement age (FRA). And FRA doesn't kick in until 66, 67, or somewhere in the middle, depending on your year of birth.

For each year you sign up for benefits ahead of FRA, they get reduced on what could be a permanent basis. And if you file at the earliest possible age of 62, you'll be looking at a hit of 25% to 30% on your Social Security income, depending on your FRA.

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Source Fool.com