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This Is the Average Social Security Benefit for Age 62


You can start collecting Social Security benefits as early as 62. But you won't be eligible for your full benefit until you reach full retirement age, which is 67 for anyone born in 1960 or later.

Collecting benefits as soon as you're eligible may be tempting after paying into Social Security for several decades. But taking Social Security early will permanently reduce the size of your monthly checks.

Image source: Getty Images.

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Source Fool.com


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