If You Can't Answer These 6 Questions, You're Not Ready for Social Security
Ready to live the dream and collect the Social Security retirement benefit you've earned? Of course you are. But there's one small task to complete first. Answer six questions to confirm that now's the time to file your Social Security application.
Your full retirement age (FRA) is the age you qualify for your full Social Security benefit. You may have heard the estimate that Social Security replaces about 40% of your working income. You should know that this replacement rate only applies at FRA. Claim earlier and your benefit will be lower.
You can find your FRA on mailed Social Security statements or in your my Social Security account online.
Source Fool.com