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The Pros and Cons of Taking Social Security at 62, 67 and 70

Baby boomer couple on a tablet
Dusan Petkovic / Shutterstock.com

Deciding when to start your Social Security benefits is one of the most consequential choices you will ever make. It dictates your monthly income for the rest of your life, influences your spouse’s survivor benefits, and shifts your overall tax picture. There is no single correct age to file. The system is designed to pay out roughly the same total amount over an average lifetime regardless of…



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