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Filing for Social Security benefits early means that you file for benefits before your full retirement age (FRA). FRA depends on your birth year. ... 1960 or later: 67. Filing early means you ...
If you were born in this year. This is your FRA. 1943 - 1954. 66. 1955. 66 and 2 months. 1956. 66 and 4 months. 1957. 66 and 6 months. 1958. 66 and 8 months. 1959. 66 and 10 months
If you think you'll need $4,700 a month and can get a little more than $2,000 out of Social Security by waiting until FRA to claim benefits, then you may want to avoid filing early, since that ...
If you file at your exact full retirement age (FRA), which is 67 for anyone born in or after 1960, you'll get your complete monthly benefit based on your top 35 years of earnings.
Originally, all RIB beneficiaries reached their Full Retirement Age at the age of 65. Changes in the Full Retirement Age have been enacted, based upon the birthdate of the beneficiary as follows: [23] Prior to January 2, 1938: 65 years; January 2, 1938 – January 1, 1939: 65 years and 2 months; January 2, 1939 – January 1, 1940: 65 years and ...
For those born between 1955 and 1960, full retirement age was increased by two months per year, to 66 years and 2 months for those born in 1955, 66 years and 4 months for those born in 1956 and so ...
That's because each year you delay your claim beyond full retirement age (which is 67 for those born in 1960 or later) boosts your monthly benefits by 8% -- for life.
Whether or not your Social Security benefits are reduced depends largely on your age and earnings. If you’re under your full retirement age (FRA) – 67 for those born in 1960 or later – the ...