The tech billionaire has repeatedly suggested, without evidence, that Social Security is rife with fraud, even as President Trump denies plans to cut those benefits.

The two maintain that they won’t attack the program, but their repeated claims of rampant fraud serve a strategic purpose.

You lose 5/9 of 1% per month for up to 36 months of early claiming. Those who sign up more than three years early lose 5/12 of 1% per month. So if you sign up immediately at 62, you're actually shrinking your monthly checks by 30%, assuming you have a FRA of 67.