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Turning 62 is a big milestone. For many, it marks the end of a decades-long career. It also signals eligibility for Social Security benefits, a primary source of income for a lot of retirees.
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 ...
According to the Social Security Administration, the earliest you can be eligible to receive benefits is 62 years of age — but you must be 62 for the entire month.
Americans become eligible for federal health insurance coverage at age 65, well after when you can begin to file for Social Security. “If you stop working at age 62 and lose health insurance ...
Let's apply some actual numbers to further illustrate this point. Say you're entitled to $2,000 a month in Social Security at age 67. If you file for benefits at 62, you'll get $1,400 a month instead.
You can start getting Social Security retirement benefits when you turn 62 years old, the earliest age when they're available. However, there are downsides to starting benefits at such a young age.
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