The Best Argument for Claiming Social Security at Age 67
There are few retirement decisions someone makes that have as big an impact as when they decide to claim Social Security benefits. For many Americans, Social Security is a large portion of their retirement income, so the decision could directly impact their livelihood.
There's no cookie-cutter approach to deciding when's the perfect time for you, but there are common factors that everyone should consider before deciding. And while there are good arguments for claiming benefits early or late, here's the best argument for claiming them at 67.
If there were a starting place for understanding more about Social Security, it would be knowing your full retirement age (FRA). Your FRA is the age when you're eligible to receive your full Social Security monthly benefit. It serves as the baseline for calculating your benefits if you decide to claim them before or after your FRA, so it's essential to know it to make an informed decision.
Source Fool.com
