If there’s one thing all retirees should do before claiming Social Security, it’s to evaluate their claiming strategy. “Claiming strategy” refers to determining when it’s the right time to begin receiving benefits. Once you’ve moved through the steps of evaluating your strategy, you should have a clearer sense of the direction you want to take.
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Your FRA is the age at which you are eligible to receive full Social Security benefits. The age varies, depending on the year you were born, but for most people, it’s between 66 and 67.