Deciding on an age to begin taking Social Security is one of the most important choices retirees will need to make. Filing at your full retirement age -- which is age 67 for everyone born in 1960 or later -- will earn you up to 30% more than what you'd receive by filing at 62.

The full retirement age for Social Security is rising again in 2025. Here’s what you need to know and how it impacts your monthly benefits.

If you need to start claiming benefits earlier, at age 62, the maximum benefit is reduced to $2,831 per month or $33,972 annually. Maximizing benefits by delaying claims. This is