"Claiming at 62 means a reduction of about 30% compared to the benefit she would receive if she waited until her full retirement age (FRA), which for Janet is 67."
"If Janet had waited until her FRA of 67, she would have received her full benefit, without any reductions applied, based on her earnings history."
"Had Janet waited until age 70 to claim, she would have earned delayed retirement credits, increasing her benefit by 8% per year beyond her FRA, totaling a maximum of 24%."
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