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How to maximize Social Security benefits Nearly 60% of retirees polled by Franklin Templeton Investments started collecting Social Security retirement benefits before reaching their full retirement age, according to an article on CNBC. About 16% file for their benefits when they reach their FRA, with 7% of the respondents deferring their benefits after hitting FRA. According to the Social Security Administration, retirement benefits are reduced by as much as 30% if clients opt to retire as early as 62.  --CNBC

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