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The Best CD and Savings Rates This Week: 1-Year CDs Take a Big Leap and Savings Account Rates Go Above 3%

The Social Security Retirement Age Increases to 66 and 10 months in 2021

The Social Security Retirement Age Increases to 66 and 10 months in 2021 Emily Brandon © (Getty Images) A black senior woman sits at her dining room table in her apartment. She is consulting from home during the COVID-19 pandemic. While you can start Social Security payments at age 62, your monthly checks are reduced if you begin collecting benefits at this age. To claim your full benefit, you need to sign up for Social Security at your full retirement age, which varies by birth year. Here s a look at how the Social Security retirement age is changing, and what this means for your retirement payments:

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