All future Social Security recipients face this question at some point: When should I file for benefits?
As you are likely aware, age 62 is the earliest that you can file for benefits. By filing at this age, you will begin receiving your benefit at a reduced amount – perhaps as much as 30% reduced.
Waiting to file until your Full Retirement Age (FRA) will allow you to receive the full benefit amount, without reductions. You could also wait until age 70 to file for benefits, which would result in an overall increase to your monthly benefit amount, by as …Read More