The Social Security Administration sets the early retirement age â the youngest age that you can start collecting Social Security â at 62 years old. However, if you take benefits before your full retirement age â which ranges from 65 years old to 67 years old depending on the year you were born â your monthly benefit will be reduced.
FRAMING EFFECTS A âframing effectâ is usually said to occur when equivalent descriptions of a decision problem lead to systematically different decisions.
The same can be said for. making a good decision. Framing a decision is the process by which select areas of a situation are. evaluated, explored, and then factored into the final decision. Framing a decision. provides the foundation for how that decision will be made and is the first step in. the decision-making process. In this reading, we will explore the importance of framing a decision and the. questions that need to be asked and answered for an effective framing process.