Millions of older Americans collect a monthly benefit from Social Security. And without that money, many would no doubt struggle to cover their basic living costs. Because of this, it's important to claim Social Security strategically -- and to understand the implications of filing at different ages.

The earliest age to file for Social Security is 62. But you're not eligible for your complete monthly benefit based on your individual income history until full retirement age arrives. For people like me who were born in 1960 or later, that age is 67.

Image source: Getty Images.

Continue reading

Source Fool.com