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You can get Social Security retirement benefits as early as age 62, but your benefits will be reduced vs. what they would be if you waited until full retirement age.
The Social Security Administration (SSA) sets a full retirement age (FRA) for everyone based on their birth year. This is the age when you’re eligible to receive 100 percent of your Social ...
1960 and later. 67. While the full retirement age used to be 65, changes to the program have increased that age. For example, those born in 1955 now have to wait an extra two months beyond age 66 ...
Once you reach your full retirement age, Social Security recalculates your benefits and gradually adds the withheld amount. The $ 22,924 Social Security bonus most retirees completely overlook
Chart showing Social Security full retirement ages by birth year. Image source: The Motley Fool. ... Ages 62, 67, and 70 are key milestones in Social Security. Age 62 is the earliest you can claim ...
If you're within 36 months of your full retirement age, the Social Security Administration reduces your monthly payout by 5/9 of 1% for each month you claim early. Beyond 36 months, the program ...
Ages 62, 67, and 70 are key ages in Social Security. Age 62 is important because it's the earliest you can claim benefits; 67 is important because that will be most new claimers' full retirement ...
Social Security full retirement age chart. Image source: The Motley Fool. Filing any earlier than your FRA will permanently reduce your monthly benefit. If you have an FRA of 67 and claim at 62 ...
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