Claiming Social Security Early Will Slash Your Monthly Benefit for Life -- Unless You Do This
The decision to sign up for Social Security is one you'll need to consider very carefully. That's because your Social Security filing age will help determine what monthly benefit the program pays you for life.
If you claim Social Security at full retirement age, or FRA, you'll get your complete monthly benefit based on your personal income history. FRA kicks in at 67 for anyone born in 1960 or later.
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Source Fool.com