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Image source: Getty Images. 1. Understand how your claiming age affects your benefits. The government bases your Social Security benefits on your income during your working years and your age at ...
This is the earliest you can apply for social security benefits to make sure your benefits begin to distribute as soon as you reach 62. For example, if you turn 62 on Dec. 2, you can start your ...
The question of when to apply for Social Security benefits runs much deeper than following a simple timeline, however. If you claim your benefits early, at age 62, you’re locking in a permanent ...
What you’ll need to apply for Social Security. When preparing to apply for Social Security retirement benefits, you’ll need specific information and original or certified copies of documents ...
In terms of Social Security, the conventional wisdom is that you should wait as long as possible to claim benefits because the longer you wait, the higher your monthly payment. You can sign up for ...
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
3. What you need to apply. You can speed up your Social Security application by making sure you have all the necessary information and documents ready in advance. These include: Your Social ...
Throughout your working career, you pay employment taxes that help fund Social Security, which provides income when you retire. In 2023, nearly 67 million people will receive Social Security ...
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