Is 2022 Your Year to Claim Social Security?

Filing for Social Security is a decision not to be taken lightly. Now that a new year is upon us, you may be wondering if the time is right to sign up for benefits. And if you're not sure, ask yourself these key questions.

Full retirement age, or FRA, is the age at which you're allowed to collect your full Social Security benefit based on your earnings history. You can file for benefits well ahead of FRA -- as early as age 62, in fact. But for each month you claim Social Security early, your benefits get reduced.

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Source Fool.com