I Have No Idea When I'll Claim Social Security -- and That's OK
I was talking to an older friend the other day who's starting to think seriously about retirement. And one thing we talked about was Social Security.
First, I reassured him that while benefit cuts are possible, the program isn't in danger of disappearing completely. I then gave him a run-through of his filing options, even though he was pretty familiar with the rules.
In case you're not sure what those guidelines entail, here are the basics. You can claim Social Security at any age once you turn 62. However, you're not eligible for your complete monthly benefit, based on your personal wage history, until full retirement age (FRA) arrives. That age hinges on your year of birth and is 66, 67, or somewhere in between.
Source Fool.com
