Here’s How Much Money You Might Lose If You’re Forced to Claim Social Security Early

You’re allowed to claim Social Security ahead of FRA if waiting that long isn’t desirable or if, in the case of a forced early retirement, waiting just doesn’t work out. The earliest age you can sign up to receive benefits is 62, but for each month you file ahead of FRA, your benefits will be reduced. And unless you manage to undo your filing within a year and repay all of the money in benefits you received, that reduction will remain in effect for the rest of your life.