Turning 62 in 2024? Here's What You Need to Know About Social Security.
Turning 62 is a big milestone for Americans. For many, it marks the end of a long career and possibly the beginning of monthly Social Security checks showing up in their bank accounts. But if you plan to apply for benefits in 2024, there are three things you need to be aware of.
The Social Security Administration assigns everyone a full retirement age (FRA) based on their birth year. It's anywhere from 66 to 67 for today's workers. Receiving benefits before your FRA is considered claiming early and shrinks your checks.
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Source Fool.com
