The start of a new decade is always exciting, and turning 70 is no exception. But if you're turning 70 in 2024, you might have some important steps to take in the context of retirement planning. Here's what you need to know.

You're entitled to your full monthly Social Security benefit, based on your personal income history, once you reach full retirement age (FRA). If you're turning 70 in 2024 and were therefore born in 1954, your FRA is 66. If you haven't yet signed up for Social Security, that's actually a good thing, because you've snagged quite a nice boost for your monthly benefits.

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Source Fool.com