The average retiree collects about $2,000 per month from Social Security, but you could collect a lot more. While there are several factors that go into calculating the size of your monthly benefit, the age at which you decide to claim benefits may be one of the most important.

However, those born in 1960 or later will have a full retirement age (FRA) of exactly 67 years. This change affects how much you will receive in Social Security benefits and when