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Are you tempted to start collecting your Social Security at the first possible moment? The earliest is when you are 62 plus one month. But your check will be reduced compared to what it would be if you wait until your full retirement age. Although you need to check with your Social Security office for specifics, generally, you forfeit about 20 percent at age 62; 13-14 percent if you wait until age 63; and about 6-7 percent at 64