Want to Claim Social Security Early? Know These 2 Things First.

Social Security could end up being a crucial source of income for you once you retire. It may even end up being your primary income source. That's why it's important to understand the implications of signing up at different ages.

You can first sign up for Social Security at age 62, but going that route will leave you with a reduced benefit. In fact, you're not entitled to your full monthly benefit based on your wage history until full retirement age (FRA) kicks in. FRA is dependent on your year of birth, as follows:

Year of Birth

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Source Fool.com