Don't Claim Social Security Benefits Until You Can Answer These 3 Questions
Millions of seniors rely on Social Security to stay afloat financially during retirement, and so the decision to claim benefits is a big one. That's because the age you land on will dictate how much monthly income you get from the program throughout your senior years. As such, you shouldn't even think about signing up for benefits until you have answers to the following important questions.
Your monthly Social Security benefit is calculated based on your average monthly wage, adjusted for inflation, over your 35 highest-paid years of earnings. But you're not entitled to that benefit in full until you reach full retirement age, or FRA.
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Source Fool.com
