3 Things to Know About Claiming Social Security Early

Seniors don't all have to sign up for Social Security at the same age. Rather, you get a choice. You can file for benefits as early as age 62, or you can delay your filing until 70. In fact, technically, you can claim benefits after age 70, but since there's no financial incentive to go this route, 70 is generally considered the latest age to sign up.

In the middle of age 62 and 70 is full retirement age. FRA hinges on your year of birth and is either 66, 67, or somewhere in between.

Claiming benefits before FRA means signing up early. And while you're certainly allowed to do that, here are a few things you need to know if that's the road you're thinking of taking.

Source Fool.com