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Sometimes it’s okay to claim your benefits early

You can start receiving your Social Security retirement benefits as early as age 62. However, you are entitled to full benefits when you reach your full retirement age. If you start your Social Security benefits early, your benefits will be permanently reduced. The reduction will range from 25 percent to 30 percent compared to what you would have received if you waited until your full retirement age. So why would you start your benefits early? Maurie Backman explains in some cases beginning your Social Security benefits earlier than later is worth it. Read Ms. Backman’s article here…

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