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Money Talks News: 13 Ways to Get More Social Security

4. Wait Until Full Retirement Age to Claim Social Security

You can begin collecting Social Security benefits as early as age 62, but you might not want to: Your benefit will be reduced by 25 percent for life. To get your full payment, wait until you reach full retirement age – currently 66 for anyone born between 1943 and 1954. For those born between 1955 and 1959, the age gradually rises toward 67. For those born in 1960, it’s 67.

(iStock)

More from Money Talks News:
10 Social Security Myths Exposed
8 Surprising Truths About Retirement
10 Money Mistakes That Can Ruin a Marriage



The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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