Should You Claim Social Security Early to Avoid Tapping Your Savings?
The age at which you file for Social Security is very important. That's because that age, coupled with your wage history, will determine the amount of the monthly benefit you'll collect throughout retirement.
You're able to sign up for Social Security as early as age 62. But you're not eligible for your full monthly benefit, based on your income history, until full retirement age, or FRA, arrives. That age is 67 if you were born in 1960 or later.
Image source: Getty Images.
Source Fool.com