Filed for Social Security Too Soon? 3 Ways to Cope.
You're entitled to sign up for your full monthly Social Security benefit based on your personal wage history once you arrive at full retirement age, or FRA. FRA is either 66, 67, or somewhere in between, depending on the year you were born.
However, you're not required to wait until FRA arrives to claim Social Security. You're allowed to take benefits as early as age 62.
Filing for Social Security before FRA, however, will result in a reduced monthly benefit for life. And that has the potential to result in a lot of financial stress.
Source Fool.com
