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  2. History of Social Security in the United States - Wikipedia

    en.wikipedia.org/wiki/History_of_Social_Security...

    Under the 1983 amendments to Social Security, a previously enacted increase in the payroll tax rate was accelerated, additional employees were added to the system, the full-benefit retirement age was slowly increased, and up to one-half of the value of the Social Security benefit was made potentially taxable income. [67] [68]

  3. Ida May Fuller - Wikipedia

    en.wikipedia.org/wiki/Ida_May_Fuller

    During her retirement, Fuller collected a total of $22,888.92 (equivalent to $497,793 in 2023) in Social Security benefits. [14] [15] As monthly payments increased in the 1950s and 1960s, Fuller typically received the first check issued for the new amount, which was usually the subject of news reports. [16]

  4. Social Security Administration - Wikipedia

    en.wikipedia.org/wiki/Social_Security_Administration

    The first Social Security office opened in Austin, Texas, on October 14, 1936. [10] Social Security taxes were first collected in January 1937, along with the first one-time, lump-sum payments. [8] The first person to receive monthly retirement benefits was Ida May Fuller of Brattleboro, Vermont. Her first check, dated January 31, 1940, was in ...

  5. Social Security retirement age: When to take Social Security ...

    www.aol.com/finance/social-security-retirement...

    For example, if you are eligible to collect a reduced $900 benefit at age 62 plus 1 month, and your benefit would increase to $1,251 at age 65 and 10 months, your estimated break-even age is 75 ...

  6. Applying for Social Security in 2025? 3 Things You Should Do ...

    www.aol.com/finance/applying-social-security...

    Birth Year. Full Retirement Age (FRA) 1943 to 1954. 66. 1955. 66 and 2 months. 1956. 66 and 4 months. 1957. 66 and 6 months. 1958. 66 and 8 months. 1959. 66 and 10 months

  7. Here's the Average Social Security Benefit at Ages 62 ... - AOL

    www.aol.com/heres-average-social-security...

    On the other hand, if you live well into your 80s, or beyond, collecting at 66 will almost certainly result in you leaving a lot of Social Security income on the table. Age 70: The beauty of being ...

  8. Social Security (United States) - Wikipedia

    en.wikipedia.org/wiki/Social_Security_(United...

    The average Social Security payment of $1,230/month ($14,760/year) in 2013 [101] is only slightly above the federal poverty level for a one-person household – $11,420/yr and below the poverty guideline of $15,500/yr for two person households. [102]

  9. Ready to claim Social Security? Here’s the best time ... - AOL

    www.aol.com/finance/ready-claim-social-security...

    So at age 62, your first monthly benefit would be 30 percent lower than your full benefit, or $700 total. At age 70, your benefit would be $1,240 plus the cost-of-living adjustments in the interim.