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Birth Year. Full Retirement Age. 1937 or earlier. 65. 1938. 65 and 2 months. 1939. 65 and 4 months. 1940. 65 and 6 months. 1941. 65 and 8 months. 1942. 65 and 10 months
This is because Social Security will subject you to its retirement earnings test (RET) if you claim benefits early and earn over a certain limit. The earnings limit is $22,320 for 2024 if you don ...
Any dollars earned above the wage base limit aren't counted in calculating Social Security benefits. In 2025, the wage base limit is $176,100, up from $168,600 the prior year.
Claiming Social Security at 62 would reduce your monthly PIA by 30%; delaying benefits until 70 would increase it by roughly 24% (assuming your full retirement age is 67).
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Social Security payments are a lifeline for millions of Americans, with an estimated 72.6 million people receiving some form of Social Security benefits in August 2024.
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