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It’s financially advantageous if you can avoid the temptation to take Social Security early

I turned 62 a few months ago — which means I could claim Social Security. That doesn’t mean I plan to sign up for benefits. If I were to take Social Security at 62, I’d have to accept a 25 percent reduction in the amount I’d receive at 66, my full retirement age, and, in 2014, I’d lose $1 of my benefit for every $2 I earn above $15,480. Read more…

 

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