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1. If you are 62 years old, you would claim $1,486 per month.
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2. Claiming FRA if you're age 67: $2,111 per month.
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3. If you are 70 years old, you will make $2,618 per month.
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Pension can be taken in lump sum at the age of 55, but at present the age of state pension is 65 years. You can take a lump sum amount to top up your pension, or to pay off some debt, and to continue working.
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