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You Can Make More Money by Claiming Social Security Benefits at 62. Here's How


The amount of Social Security income you'll receive on a monthly basis depends not only on your income during your working years but also when you claim your benefits. The longer you wait, the more you'll receive -- up until age 70.

Your full retirement age or FRA (66 to 67, depending on your birth year) is when you can begin claiming your full Social Security benefits, but you can claim a fraction of your benefits as early as age 62. Just note, if you elect to begin claiming Social Security early, you're locked into that reduced percentage of your full benefit.

Image source: Getty Images.

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Source Fool.com

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