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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).
What you’ll need to apply for Social Security. When preparing to apply for Social Security retirement benefits, you’ll need specific information and original or certified copies of documents ...
What Is the Early Retirement Age for Social Security? You can choose to claim retirement benefits as early as age 62. However, SSA will reduce your benefit by about 0.5% for every month you ...
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.
If you’re younger than full retirement age for all of 2024, the Social Security Administration will deduct $1 of your monthly check for every $2 you earn above $22,320 per year.
One of the most important retirement decisions you'll ever make is when to claim Social Security.. Most retirees can claim their monthly benefit starting at age 62, but waiting to claim results in ...
“Depending solely on Social Security and a 401(k) to fund your retirement is insufficient for most retirees,” said Porter. “When you consider taxes and market risk, your savings will be ...
While the Social Security Administration defines “full retirement age” as 67 for those born in 1960 or later, you can actually file for benefits as early as age 62 or as late as 70.