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By claiming at the age of 62, a hypothetical $1000 retirement benefit would be reduced by 25% and you would only receive $750 per month. A $500 monthly spousal benefit would be reduced to $350.
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). Refresher: Age Brackets ...
The average Social Security benefits at ages 62, 67, and 70. Ages 62, 67, and 70 are key milestones in Social Security. ... Age 62 is the earliest you can claim benefits, 67 is most people's full ...
The average benefit at age 70 is around $2,038 per month -- a whopping $740 more per month than the average at 62. If money is going to be tight in retirement, delaying claiming can make your ...
But the differences between the maximum possible 2025 Social Security benefit at 62, 67, and 70 show the value of delaying benefits as long as possible. ... at age 62, the Social Security ...
The earliest you can apply is at age 62, with the latest being age 70. Claiming benefits at 62 is considered early, and full retirement age (FRA) — which is 67 for most people — is the age at ...