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3 Social Security Secrets You Need to Know Before You Retire

3 Social Security Secrets You Need to Know Before You Retire

In fact, around 37% of men and 42% of women rely on their monthly checks for at least half their retirement income, according to the Social Security Administration. The only way to earn the full amount you're entitled to based on your work record is to wait until your full retirement age (FRA) to file for benefits. If you claim before that (as early as age 62), your benefits will be reduced by up to 30%.