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At 62, she retired from a job paying almost $60,000 a year and opted to take Social Security early. She received $1,290 a month, about $400 a month less than if she had waited until 67.
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). ... according to AARP.
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
The $ 22,924 Social Security bonus most retirees completely overlook If you're like most Americans, you're a few years (or more) behind on your retirement savings.
“The best way to look at Social Security benefits and when to take them is to optimize them with other retirement plans,” says Czajka. ... warns AARP. However, you cannot apply for benefits ...
In fact, according to 2023 data from the Social Security Administration, the average retiree collects around $1,884 per month in benefits at age 67 compared to $1,298 monthly at 62 -- a difference ...
When can you claim Social Security and what will you make? The earliest you can claim Social Security benefits is age 62. In 2021, about 29 percent of newly retired workers claimed their ...
Age 62 is the earliest you can file, and it's also a popular time to begin claiming -- with roughly one-quarter of retirees taking benefits at this age, according to 2022 data from the Social ...
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related to: aarp when to take social security benefits