Seniors get choices when it comes to claiming Social Security. You can file for benefits as early as age 62. But signing up ahead of full retirement age (FRA) will result in a reduced benefit. FRA kicks in at 67 for anyone born in 1960 or later.

You also get the option to delay your Social Security filing past FRA. For each year you do, up until age 70, your benefits get a permanent 8% boost.

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Source Fool.com