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Be careful if you’re turning 66 in 2021 and filing for Social Security benefits
As you may be aware, for anyone born between 1943 and 1954 age 66 was considered their full retirement age. It didn’t matter when in the year you attained that age. But for those attaining age 66 in 2021, things are different. The full retirement age for those born in 1955 is now age 66 and two months, for 1957 birthdays, it’s 66 and 4 months, and so on. Not a big deal, but it means that if you pull the plug at exactly age 66, you’ll lose a small of you benefit to account for those two months of early filing. The Motley Fool’s Christy Bieber provides a bit more detail on this timing issue in a post today on fool.com. Check it out here…
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