DEAR SAVVY SENIOR – I turn 62 early next year and plan to retire soon after. Most advice says I should wait to claim Social Security because my monthly benefit will be higher. But with all the recent news about…
While you can apply for Social Security benefits starting at age 62, according to the U.S. Social Security Administration (SSA), the amount you receive will be reduced if you begin receiving benefits before reaching full retirement age (FRA). Full retirement age is typically around 67, but the exact age depends on your year of birth.