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Claiming Social Security at 62–the Math Behind Your Decision

fiscal year calendar moneyClaiming your Social Security benefits at any age earlier than your full retirement age (FRA) naturally will affect the size of you monthly payment. The system, of course, is designed such that no matter when you retire, the average person will receive the same amount over a lifetime. Still, deferring benefits will mean a higher payment in your later years, something that could be important for you. Matthew Frankel of the Motley Fool takes a look at the numbers associated with various retirement strategies. Check it out here…


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