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When it comes to claiming Social Security benefits, there is no magic age. Today's boomers can begin collecting full benefits at 66, tap in early for a modified benefit at 62 or delay receiving benefits until 70.

But the importance of making a smart decision on how and when benefits are claimed can't be underestimated, says Mary Beth Franklin of Investment News.

"For the majority of American retirees, Social Security is the only form of guaranteed cost of living-adjusted income they will ever see, and for many retirees, it is their only source of income," Franklin tells Morning Edition's David Greene.

It may be tempting to start collecting Social Security benefits at 62, but Franklin suggests getting the biggest benefit that you're entitled to. "And I'll tell you, when you're 85, you're going to be really glad you've got a big benefit," she says.

http://www.npr.org/2013/04/02/175937361/deciding-the-right-t...

Fuskie
Who figures if he can hang on until he retires, he'll be OK...
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