Should COVID-19 Make You Rethink Your Social Security Filing Strategy?
The COVID-19 crisis has impacted millions of Americans, from younger workers to those on the cusp of retirement. If you fall into the latter camp, the circumstances you're facing could be causing you to reevaluate your plans to claim Social Security. Here's what you need to know about filing for benefits sooner or later than you initially anticipated.
The monthly Social Security benefit you collect in retirement is determined based on your earnings history -- specifically, your 35 highest-paid years in the workforce. You're entitled to collect that full benefit once you reach https://www.fool.com/retirement/2019/07/05/is-social-securitys-full-retirement-age-the-same-f.aspx, or FRA, which is either 66, 67, or somewhere in between, depending on the year you were born.
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Source Fool.com
