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Year of birth. Full retirement age. 1937 and before. 65. 1938-1942. 65 + 2 months for each year past 1937. 1943-1954. 66. 1955-1959. 66 + 2 months for each year past 1954
If you're thinking you might retire in your mid-60s and you're wondering what Social Security benefits might look like then, as of the end of 2023, the average benefit for a 65-year-old was $1,563 ...
Image source: The Motley Fool. Although most Social Security newcomers' full retirement age is 67, you can begin claiming benefits as early as 62 (reducing monthly benefits) or delay them until 70 ...
Data source: Social Security Administration. Despite earning similar salaries throughout their careers, someone turning 70 in 2025 could receive a benefit that's over 80% higher per month than ...
You've decided that 2025 is the year you're finally going to claim Social Security. The government bases your Social Security benefits on your income during your working years and your age at sign-up.
Among the other Social Security changes coming in 2025 are a smaller cost-of-living adjustment at 2.5%, down from 3.4%; an increase in maximum taxable earnings from $168,000 to $176,100; and ...
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