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This age will vary by birth year, but it's 67 years old for everyone born in 1960 or later. Social Security full retirement age chart. Image source: The Motley Fool.
And the average retired worker claimed Social Security at age 65. ... The chart below shows how birth year relates to FRA. ... delaying benefits until age 70 rather than claiming at age 62. Last ...
Retirement Age: 65 Years Old Those who claim at 65 will receive 86.7% of the full monthly benefit, which drops the average from $1,784 to $1,544.99. 65 + 1 month: $1,553.90 (87.2%)
Before we get to that important Social Security chart, you'll need to know your full retirement age. ... Birth Year. Full Retirement Age. 1937 or earlier. 65. 1938. 65 and 2 months. 1939. 65 and 4 ...
Claiming Social Security at 62 would reduce your monthly PIA by 30%; delaying benefits until 70 would increase it by roughly 24% (assuming your full retirement age is 67).
The age you begin collecting benefits can have a big impact on what you'll receive each month and during your lifetime from America's top retirement program. Here's the Average Social Security ...
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
At just over $18,000 annually, the average Social Security benefit for a 65-year-old isn't enough to fully support many people. That's why, ideally, Social Security is just one of your retirement ...
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related to: social security creditable years chart for seniors 65 age