Seniors are often warned against the dangers of claiming Social Security early. And in this context, "early" means prior to full retirement age, or FRA. FRA is 67 for anyone born in 1960 or later.

Many seniors inevitably wind up becoming heavily reliant on Social Security once their careers end and their paychecks go away. Since an early filing results in a lower monthly Social Security benefit for life, it's easy to see why seniors are often encouraged to wait until FRA to sign up, or even beyond (delayed filings result in boosted benefits up until age 70).

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Source Fool.com