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Top reasons to start your Social Security benefits early Americans have several good reasons to file for benefits early, but most would be much better served by waiting until age 70, Kotlikoff says.
For Social Security purposes, claiming benefits before full retirement age, which for most people is 67, means you’ll be penalized. Waiting to claim benefits after full retirement age, on the ...
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
Upon turning 62, you qualify to receive early Social Security benefits. But if you do so, the SSA pays out only reduced benefits until you reach full retirement age (FRA).
What Is the Early Retirement Age for Social Security? You can choose to claim retirement benefits as early as age 62.However, SSA will reduce your benefit by about 0.5% for every month you receive ...
If you’re planning to retire early, you might be counting on your Social Security retirement benefits to help cover your expenses. The earliest you can claim your benefits is age 62, which is ...
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