The youngest baby boomers, born in 1964, turn 50 this year. Boomers of all ages often want to know how to maximize their financial future.
Moving toward retirement means knowing when to apply for Social Security. You can get partial Social Security for retirement as early as 62, but not as much as if you waited until your mid-60s for full Social Security.
The age to apply depends on your birth year. For those born between 1943 and 1959, you must be at least 66. If you were born in 1960 or later, you must be 67 to receive full Social Security benefits.