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The average retired worker collects around $1,298 per month at age 62 and roughly $1,884 per month at age 67, according to data released by the Social Security Administration in December 2023.
Full retirement age ranges from age 66 for those born in 1943 to age 66 and 10 months if you were born in 1959. Any time you take Social Security before your full retirement age, you’ll have to ...
The average benefit at age 62 is unlikely to be sufficient for many retirees if they’re expecting Social Security to be their sole source of income. Over the course of a year, that monthly ...
62 versus 70 explained. As of February 2023, the average Social Security retirement benefit was $1,782 per month, or $21,384 per year. But the numbers only tell a small part of the story, since ...
That's why 40% of them intended to claim retirement benefits between ages 62 and 65. A working paper published last year by two business professors, Cornell's Suzanne Shu and Duke's John Payne ...
Still, you may be more interested in claiming Social Security at the earliest possible age of 62. But before you do, keep these important points in mind. 1. You'll be slashing your monthly benefit ...
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