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.
Typical costs: Framing constitutes 60% to 70% of the total cost of building a house. Labor accounts for the other 30% to 40%. Lumber prices are always fluctuating and can be difficult to predict. This is especially true in todayâs environment of rising prices.