3 Social Security Moves to Make in Early 2024
The start of a new year is a good time to focus on financial matters -- things like updating your household budget and checking your investment portfolio. It's also a good time to pay attention to Social Security matters. Here are a few key moves it pays to tackle early on in 2024.
Full retirement age, or FRA, is the age at which you're entitled to your complete monthly Social Security benefit based on your personal income history. That age is either 66, 67, or 66 and a specific number of months. It depends on the year you were born.
It's important to figure out your FRA, since it might influence your retirement plans. Many people can't retire without getting money from Social Security. If that's a boat you expect to be in, it'll help you to know the age when claiming your full monthly benefit is possible.
Source Fool.com
