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The Importance of Understanding Full Retirement Age

Folks aging into Social Security eligibility face a number of key decision points, most of which have a direct impact on the eventual amount of their monthly benefit. While each decision is important, perhaps the most significant is understanding the impact of the “when to file” question. And the answer to that question hinges substantially on not only knowing your full retirement age (FRA), but having a clear perspective on how your Social Security benefit payment is ultimately (and permanently) related to FRA. The Motley Fool’s Katie Brockman provides some insights into this topic in a post on their website, which you can access here…

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